Calculate the change in monthly take-home pay when the following tax-deferred contribution is made. A person is single and has a taxable income of $16,500. The person makes monthly contributions of $100 to a tax-deferred savings plan. The monthly take-home payment is reduced by $ (Simplify your answer.) Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Standard deduction Exemption (per person) Single up to $9325 up to $37,950 up to $91,900 up to $191,650 up to $416,700 up to $418,400 above $418,400 $6350 $4050