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In the current tax year, Todd and Shannon Roberts, a married couple, file a joint federal income tax return. During the current tax year, the

In the current tax year, Todd and Shannon Roberts, a married couple, file a joint federal income tax return. During the current tax year, the Roberts made deductible IRA contributions of $3,000. They are in a 24% marginal income tax bracket. What amount of tax savings is generated by this deduction?

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