a Candace, age 23 and single, owns a bakery that is organized as a sole proprietorship (and is therefore a cash-basis taxpayer). In December of 2021, Candace's bakery incurred a $5,000 business expense that can either be paid and deducted for tax purposes in either 2021 or 2022. In 2021, Candace's marginal tax rate is 22%, and she does not expect her marginal tax rate to change in future years. The applicable interest rate for the time value of money is 4%. If Candace engages in effective tax planning, she should report the business expense in By engaging in effective tax planning and reporting the deduction in Candace will have a tax savings of Note: Round your tax savings answer to the nearest dollar