The figure below show a simplified version of the current (2021) Canadian federal income-tax system. The marginal income-tax rates for the five ranges of income are 15%, 20.5%, 26%, 29%, and 33% respectively.

FIGURE 18-2
Refer to Figure 18-2. An individual with a taxable income of $98 125 will pay $________ in income taxes.
◦ 15 209
◦ 29 877
◦ 22 513
◦ 25 513
◦ 17 822