If the personal income tax rate is lowered from 46% to 32%, what is the differential savings for a tax payer having an annual income before tax to the tune of $36000?\nOptions:\n(A) $3500\n(B) $5040\n(C) $3150\n(D) $7000\n(E) $10000 Hmmm, my stream of consciousness:
User
Saving = (46-32)% of 36000 = 5040. So, the answer is (B).
Assistant