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An employee uses her firm's 401k plan. If she decides to contribute $11,000 per year and pays an effective tax rate for all items of
An employee uses her firm's 401k plan. If she decides to contribute $11,000 per year and pays an effective tax rate for all items of 28%, what is the reduction in her take-home pay each year?
a.)$3,080
b.)$4,210
c.)$7,920
d.)$11,000
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