26.Jimmy earns $85,000/yr in salary from his job as an engineer. He earned $3,000 in interest income. He made Registered Pension Plan contribution of $2,119 and contributed $10,000 to his RRSP. Given the following schedule of federal income tax rates and ignoring tax credits, calculate the amount of income tax Jimmy would have to pay: 15% on the first $47,630 of taxable income, plus 20.5% on the next $47,629 of taxable income, plus 26% on the next $52,408 of taxable income, plus 29% on the next $62,704 of taxable income, plus 33% of taxable income over $210,371

1. $12,140
2. $11,706
3. $14,326
4. $16,509