Question
Kanika's marginal tax rate (MTR) is 38% and she makes a contribution of $13,500 to an RRSP. Assuming she claims the full amount of the
Kanika's marginal tax rate (MTR) is 38% and she makes a contribution of $13,500 to an RRSP. Assuming she claims the full amount of the contribution on her tax return, what is the total amount of her tax savings?
options:
$3,717
$5,130
$8,370
$9,783
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Modern Project Finance A Casebook
Authors: Benjamin C. Esty
1st Edition
0471434256, 978-0471434252
