Some question: If the personal income tax rate is lowered from 38% to 30%, what is the differential savings for a tax payer having an annual income before tax to the tune of $36500?\nOptions:\n(A) $1825\n(B) $5000\n(C) $3150\n(D) $7000\n(E) $10000
Some stream of consciousness:
User
Saving = (38-33)% of 36500 = 1825. The answer: (A).
Assistant