If You Live in a Province with Private Auto Insurance,it

question 47

Multiple Choice

If you live in a province with private auto insurance,it can be very expensive if you

• A)have a new car.
• B)are a male under age 25.
• C)have not taken a driver training course.
• D)have an older car without air bags.

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Definitions:

Per-Unit Basis

A method of expressing or measuring something in terms of a single unit or a fixed amount per unit.

Marginal Tax Rate

The rate at which the next dollar of taxable income is taxed, indicating how much of an additional dollar earned will be taken in taxes.

Taxable Income

The sum of money earned by a person or a business that is used to calculate the owed tax payable to the government.

After-Tax Income

The amount of income that remains after all taxes have been deducted.