James decided to work in Baie-James in northern Quebec for a few years. He wanted to earn some big bucks working up north after he graduated in December 2020. His plan was to save as much as he could, to then travel throughout Africa. He received a gross annual salary of $130,000 in 2021 and the same in 2022. He made a Tax-Free Savings Account contribution of $6,000 on January 1,2022 , and $6,500 on January 1, 2023. He also made a Registered Retirement Savings Plan contribution of $23,400 on January 1,2023 , which he plans to use on his 2022 personal income tax return. He is making great money and saving it all. What is James' average rate of tax in 2022? (ignore NonRefundable Tax Credits, Quebec Abatement, and any employer withholdings) Select one: a. 34% b. 29% c. 32% d. 41% e. 38%