23
QuizMultiple Choice

World Economics

Question 23 • T1 - 4 RMA-TX-Financial Math-B

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?

Answer
A
$39,623.66
B
$34,086.25
C
$27,016.13
D
$22,513.44

Explanation

Take-home pay is the annual income minus income tax. Cynthia keeps 100% − 18.6% = 81.4% of her income, so $41,875 × 0.814 = $34,086.25. The correct choice is $34,086.25.

AI-written and checked against the verified answer.

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