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If the personal income tax rate is lowered from 40% to 33%, what is the differential savings for a tax payer having an

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If the personal income tax rate is lowered from 40% to 33%, what is the differential savings for a tax payer having an

by BTGmoderatorLU » Wed Mar 25, 2026 6:26 pm

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If the personal income tax rate is lowered from 40% to 33%, what is the differential savings for a tax payer having an annual income before tax to the tune of $45000?

A. $3500
B. $5000
C. $3150
D. $7000
E. $10000

The OA is C
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