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Chris decided to move out west where the tax rates are lower. As a graduate in engineering, he decided to take on a mining job

Chris decided to move out west where the tax rates are lower. As a graduate in engineering, he decided to take on a mining job up north and earn some big bucks for a few years. His plan was to save as much as he could, so he could take time off and travel throughout Asia. He received a gross annual salary of $130,000 in 2022 and the same in 2023. He made a Tax-Free Savings Account contribution of $6,000 on January 1,2023, and $6,500 on January 1,2024. He also made a Registered Retirement Savings Plan contribution of $23,400 on January 1,2024, which he plans to use on his 2023 personal income tax return. He is making great money and saving it all. What is Chris average rate of tax in 2023?(ignore Non-Refundable Tax Credits)(Quebec, Canada)
Tax bracket Tax rate
$46,295 and under 27.53%
$46,295-$50,19732.53%
$50,197-$92,58037.12%
$92,580-$100,39241.12%
$100,392-$112,65545.71%
$112,655-$155,62547.46%
$155,625-$221,70850.28%
over $221,70853.31%
Select one:
a.
34%
b.
29%
c.
38%
d.
41%
e.
32%

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