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An employee has taxable income (before retirement contributions) of $75,000 in 2022 and pays a fixed income tax rate of 17% (consider only this tax).

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An employee has taxable income (before retirement contributions) of $75,000 in 2022 and pays a fixed income tax rate of 17% (consider only this tax). If this employee contributes $3,000 to her traditional 401k in 2022, how much will she realize in tax savings

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