Question
Susan puts 9% of her pay in a Traditional 401(k) plan administered by her employer. She earns $90,000 per year and her average tax rate
| Susan puts 9% of her pay in a Traditional 401(k) plan administered by her employer. She earns $90,000 per year and her average tax rate is 17% and her marginal tax rate is 24%. What tax savings does she get from her contribution? |
| A. $1,377 B. $8,100 C. $15,300 D. $0 E. $1,944 |
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The Handbook Of Credit Risk Management
Authors: Sylvain Bouteille, Diane Coogan-Pushner
2nd Edition
1119835631, 978-1119835639
