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A $3,000 deposit to a tax-deferred retirement account for a person in a 40 percent tax bracket would reduce his or her taxes by: (Round

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A $3,000 deposit to a tax-deferred retirement account for a person in a 40 percent tax bracket would reduce his or her taxes by: (Round your answer to the nearest whole number.) Multiple Choice $800 $1000 $1,800 $1200 $3,000

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