John has an income of 160000 , What would be his total tax liability based on the tax structure ? COMBINED INCOME TAX RATE (2019) alberta first $47,630 25.00% over $47,630 up to $95,259 30.50% over $95,259 up to $131,220 36.00% over $131,220 up to $147,667 38.00% over $147,667 up to $157,464 41.00% over $157,464 up to $209,952 42.00% over $209,952 up to $210,371 43.00% over $210,371 up to $314,928 47.00% over $314,928 48.00% options: a) 67200 b) 50712 c) 47212 d) 57200

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.