Tax rates on incomes:
(i) between $.00 and $50,000.00 are 15.00%;
(il) between $50,901.00 and $75,000.00 are 25.00%; (ii) between $75,001.00 and $100,000.00 are 34.00%;
(iv) between $100,001.00 and $335,000.00 are 39.00%.
Winnipeg Wolves currently has taxable income of $82,300.00. How much additional tax will the firm owe if taxable income increases by $14,000.00?
a) $5,497
b) $4,760
c) $3,557
d) $4,760
e) $5,460