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Daniel and Christine make elective deferrals to their company 401(k) plan. Their combined AGI is $39,000. Daniel contributed $2,500 and Christine contributed $1,000. Their tax

Daniel and Christine make elective deferrals to their company 401(k) plan. Their combined AGI is $39,000. Daniel contributed $2,500 and Christine contributed $1,000. Their tax liability is $1,403

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