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20 February, 21:17

You put $2,000 into a tax-deferred retirement account this year. Your marginal tax rate is 15%. How much did you save on this year's tax bill?

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  1. 20 February, 23:03
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    The amount you have is 2000 dollars. And the tax rate is 15%.

    Solutions:

    => 2000 *.15 = 300

    300 is the yearly tax bill that you are going to pay from your retirement

    => 2000 - 300 = 1700 is the remaining money left.
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