Company K operates in a jurisdiction that levies an income tax with the following rate structure. Percentage Rate Bracket Income from -0- to $75,908 10 Income from $75,001 to $150,060 15 Income in excess of $150,080 Company K incurs a $33,200 deductible expense Required: a. Compute the current year tax savings from the deduction assuming that Company K's taxable income before considering the additional deduction is $71,200