Question: please explain how to get answer. Given the marginal tax table below, how much tax would Sara save if she made an allowable RRSP contribution

please explain how to get answer.

Given the marginal tax table below, how much tax would Sara save if she made an allowable RRSP contribution of $11900 and her gross annual income was $116,000.

Start of

range

End of

range

Tax at start

of range

Marginal rate
0 to 12,000 0 0%
12,000 to 20,000 0 15%
20,000 to 48,000 1,200 22%
48,000 to 95,000 7,360 30%
95,000 to 148,000 21,460 40%
148,000 to 210,000 42,660 45%
210,000 and above 70,560 50%

Answer:

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