Reginald Sims deposits $11,000 each year in a tax-deferred retirement account. If he is in a 33 percent tax bracket, by what amount would his tax be reduced over a 15-year time period? Total tax savings Submit Save & Exit Help Saved Chapter 3 Homework Wendy Brooks prepares her own income tax return each year. A tax preparer would charge her $245 for this service. Over a period of 9 years, how much does Wendy gain from preparing her own tax return? Assume she can earn 2 percent on her savings. Use Exhibit 1-B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) 3 2 Future value points eBook er 3 Homework Saved Help Save & Exit Submi If 360,000 people each receive an average refund of $1,800, based on an annual interest rate of 3 percent, what would be the lost annual income from savings on those refunds? Lost annual income