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Cathy has a salary last year and this year of $77,000, an average tax rate of 30% and a marginal tax rate of 40%. If
Cathy has a salary last year and this year of $77,000, an average tax rate of 30% and a marginal tax rate of 40%. If she contributes $5,000 to her RRSP this year, how much tax can she expect to save? a) $1,500 b) Not enough information provided to derive an answer. c) $3,645 d) $2,000
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