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?	Choose the correct option
A) $3500
B) $5040
C) $3150
D) $7000
E) $10000
Saving = (46-32)% of 36000 = 5040.   Answer:$5040
<result>B</result>
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?