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Problem 4 - 1 5 Tax Deferred Retirement Benefits [ LO 4 - 5 ] ct curent tares? Covemias smitas Problem 4 - 1 5

Problem 4-15 Tax Deferred Retirement Benefits [LO4-5] ct curent tares?
Covemias smitas
Problem 4-15 Tax Deferred Retirement Benefits [LO4-5]
If a person in the 32 percent tax bracket makes a deposit of $7,000 to a tax-deferred retirement account, what amount would be saved on current taxes?
Current tax savings
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