Multiple Choice
If provincial tax rates are 16% on the first $40,100; 20% on the next $40,100; and 24% on any income after that. If a resident had income of $95,000 then determine the total tax paid.
A) $16,228
B) $17,988
C) $18,288
D) $19,398
E) $20,328
Correct Answer:
Verified
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