Hannah contributed $300 per month into her retirement account in pre-tax dollars during the last tax year.
Question:
a. What would her taxable income have been had she contributed to the account in after-tax dollars?
b. Use the tax tables below to calculate her tax in both the pre-tax and after-tax contribution situations.
c. How much did Hannah save in taxes during that year?
Transcribed Image Text:
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Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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