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When determining the tax savings from a contribution to a Traditional IRA, the tax savings would equal... 1. The marginal tax rate multiplied by the
When determining the tax savings from a contribution to a Traditional IRA, the tax savings would equal...
1. The marginal tax rate multiplied by the amount of the contribution
or
2. The average tax rate multiplied by your income before the contribution
or
3. The amount of the contribution
or
4. There is no tax savings
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