Barley (71) has a Registered Retirement Income Fund (RRIF) with a current value of $325,556. Barley is married to Beverley (70) and he is considering whether he should opt to have the RRIF withdrawals based on Beverley’s age or his age. Based on Barley’s age, the minimum amount would be $17,189.36. Based on Beverley’s age, the minimum amount would be $16,277.80. If Barley opts to have the withdrawals based on Beverley’s age and he withdraws $25,000 from his RRIF in the current year, which of the following CORRECTLY describes what the outcome will be? 

a) Withholding tax will be applied to $25,000. 

b) Withholding will not be applied to the withdrawal. 

c) Withholding tax will be applied to $7,555.60. 

d) Withholding tax will be applied to $8,722.20.

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