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You made a contribution of $2,500 into your Traditional IRA. You are in the 20% marginal tax bracket. How much did you reduce your income

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You made a contribution of $2,500 into your Traditional IRA. You are in the 20% marginal tax bracket. How much did you reduce your income taxes by making this Traditional IRA contribution? A. $0 - only Roth IRA contributions will reduce your income taxes. - B. $2,500 C. $2,000 D. $500

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