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?
Answers.
A) $1825	B) $5000	C) $3150	D) $7000	E) $10000
Saving = (38-33)% of 36500 = 1825.   $1825nswer:$1825
<result>A</result>
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?