Calculate the change in monthly take-home pay when you make monthly contributions of $800 to a tax-deferred savings plan. Assume you are married filing jointly and have a taxable income of $125,000. 

Tax Rate	Single	Married Filing Jointly	Married Filing Separately	Head of Household
10%	up to $9950	up to $19,900	up to $9950	up to $14,200
12%	up to $40,525	up to $81,050	up to $40,525	up to $54,200
22%	up to $86,375	up to $172,750	up to $86,375	up to $86,350
24%	up to $164,925	up to $329,850	up to $164,925	up to $164,900
32%	up to $209,425	up to $418,850	up to $209,425	up to $209,400
35%	up to $523,600	up to $628,300	up to $314,150	up to $523,600
37%	above $523,600	above $628,300	above $314,150	above $523,600
Standard Deduction	$12,550	$25,100	$12,550	$18,800

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Part 1

The monthly take-home pay goes down by

$