Tax credit

30. Dina purchased a $150,000 25 year annuity outside of her RRsP plan. The annuity provides a guaranteed return of 4.30%. At the end of year one she receives a cheque in the amount of $9,50o. How much tax would she pay assuming a 40% effective tax rate?
A.
$3,800
B.
$2,580
C.
$1,900
D.
$1,290