If the personal income tax rate is lowered from 42% to 28%, what is the differential savings for a tax payer having an annual income before tax to the tune of $34500?\nOptions:\n(A) $3500\n(B) $5000\n(C) $4830\n(D) $7000\n(E) $10000 Now, let's think a bit. Some random thoughts:
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Saving = (42-28)% of 34500 = 4830.
The final answer: (C).
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