Answered: Gina Mendonca has marginal tax rate of…

Gina Mendonca has marginal tax rate of 26%. She earns $82,434 every year and contributed $6,905 to her RRSP this year. What is the amount of her tax savings?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Gina Mendonca has marginal tax rate of 26%. She earns $82,434 every year and contributed $6,905 to her RRSP this year. What is the amount of her tax savings?

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