A Manitoba Resident Earned $40,000 in Interest Income and $60,000 $\textbf{ Combined marginal tax rates for individuals in top provincial tax brackets }$

A Manitoba resident earned $40,000 in interest income and $60,000 in eligible dividends. Calculate the average tax rate. $\textbf{ Combined marginal tax rates for individuals in top provincial tax brackets }$

A) 36.92%
B) 37.92%
C) 38.92%
D) 39.92%
E) 40.92%