Your Earnings Last Year Were $120 000,which Is the 40

question 14

Multiple Choice

Your earnings last year were $120 000,which is the 40 percent marginal tax bracket and 30 percent average tax bracket,in your province.How much would your taxes be reduced if you made the full RRSP contribution for this year (and had no additional RRSP room) ?

• A)$6480
• B)$8640
• C)$21 600
• D)$12 960

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Definitions:

Direct Conversion

Direct conversion, in technology, refers to switching from an old system to a new one in a single step.

RAD

Rapid Application Development, a software development methodology aimed at providing quick results through iterative cycles and minimal planning.

Prototypes

Preliminary models of products or systems used for testing and validation before full-scale production or development.

RAD

Rapid Application Development is a form of agile software development methodology that prioritizes rapid prototype releases and iterations.