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Chris, a resident of Ontario, plans on using the money in his RRSP to pay for his new jet ski. The jet ski will cost $$8,000.$ If he withdraws $$8,000$ from his RRSP how much will he receive upon withdrawal and how much tax will he pay on the RRSP withdrawal if his marginal tax rate is $40\%?$

$$6,400$ and $$3,200$

$$6,400$ and $$1,600$

$$8,000$ and $$3,200$

$$6,900$ and $$3,200$

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