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A 48 year old employee has 2022 taxable income of $120,000 and pays a fixed income tax rate of 20%. If this employee contributes $21,000

A 48 year old employee has 2022 taxable income of $120,000 and pays a fixed income tax rate of 20%. If this employee contributes $21,000 to her 401k in 2022, how much will she realize in tax savings?

A. $4200

B. $21,000

C. $0

D. $4100

Please answer and explain

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