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Homework: Chapter 21 Homework Save nce Score: 0 of 1 pt 17 of 17 (14 complete HW Score: 82.35%, 14 of 17 pts Planning #5

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Homework: Chapter 21 Homework Save nce Score: 0 of 1 pt 17 of 17 (14 complete HW Score: 82.35%, 14 of 17 pts Planning #5 (similar to): Investment Val E Question Help Investment Value Judy believes that another benefit of investing the extra $2.748 in her employer-sponsored retirement plan is the tax savings, Judy is in a 22% marginal tax bracket (when considering her federal and state taxes). How much wil investing in this manner save her in taxes annually? Assuming she remains in a 22% marginal tax bracket until she retires, how much will it save her in total over the next 17 years, ignoring the time value of the tax savings? Judy's annual tax savings is $. (Round to the nearest dollar)

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