Jcmandique148 Jcmandique148

10-04-2024
Business

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Elizabeth currently makes $45,000 per year and is in a 25% tax bracket. If she contributes $2,400 to her 401(k) plan at work, by how much will this lower her taxable income?
A. $7,500
B. $2,400
C. 5600
D. $11250

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