Problem $4-15$ Tax Deferred Retirement Benefits $[$LO$4-5]$ ct curent tares?

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Problem $4-15$ Tax Deferred Retirement Benefits $[$LO$4-5]$

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