Tax Savings. Matt paid mortgage interest of $$4,100$ during his first year in the condo. His property taxes were $$636,$

and his homeowner's insurance was $$390.$ If Matt is in a $10\%$ marginal tax rate bracket, what were his tax savings for

his first year assuming he will itemize deductions?

Matt's tax savings for his first year is $

$($Round to the nearest cent.$)$