Question

Cynthia, a resident of Ottawa, earns $41,875 annually. If the Canadian government levies an income tax of 18.6% on Cynthia’s tax bracket, what is her annual take-home pay?
a.
$39,623.66
b.
$34,086.25
c.
$27,016.13
d.
$22,513.44


Please select the best answer from the choices provided

A
B
C
D

Answer 1

B

Calculation: 41,875 × (1 − 0.186) = 41,875 × 0.814 = 34,086.25.