John has been told that he should not take any overtime because it will push him into the next tax bracket.Which of the following is true?
A) Moving into the next marginal tax bracket could reduce John's net income overall.
B) The marginal tax brackets apply to tax credits and deductions and will not make a direct difference to John's net income.
C) Moving into the next tax bracket will give John a larger refund on his RRSP contribution.
D) Moving into the next tax brackets will give John a larger refund from his tax credits.
Correct Answer:
Verified
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