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Question 6 During 2 0 2 3 , Aiden earned $ 6 0 , 0 0 0 gross employment income from his position as a

Question 6
During 2023, Aiden earned $60,000 gross employment income from his position as a co-
ordinator at GGF Mutual Funds. He and his employer each contributed $1,500 to his Registered
Pension Plan (RPP), while Aiden also contributed $1,000 to a Registered Retirement Savings
Plan (RRSP), $2,000 to a Tax-Free Savings Account (TFSA), and $500 to a First Home Savings
Account (FHSA). Aiden also paid $700 in medical expenses. Aiden had no other tax deductions
other than those arising from the foregoing.
What was Aiden's average Federal tax rate in 2023? Refer to 2023 Federal income brackets and
rates below.
a)15.00%
b)15.01%
c)15.35%
d)15.41%
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