Question 23 11 point Jean and face are retired and looking for ways to save on income tac. Given the difference in their respective incomes their financial advisor recommends income solite nause they quality for the pension income credit. Jean's annual income is 25.000 and Franxes is $12000 Their respective averare tax rates are 16% and 5% h of payment by buys The Insurer annuity chov LE Mand 10 y VODOU How much iwame tax will einn and France save it Sa 000 of Jean's income is moved to Frames?/Take into account that after the income splitting, their respective Jerace tax rates will be 12% and 8%) 350contey560 120 57 to 1 a) $13.50 ar ITVE 6200 ON $1.280 Od $1,050 d) 5960 Page 114 Thorofore, a single annuity payment received at the end of each year is greater than the total amount received through 12 monthly payments . To guar Guarantee of of the