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Ted has started an 401k. His current income tax bracket is 36%. He is saving...

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Accounting

Ted has started an 401k. His current income tax bracket is 36%. He is saving $216 a month by putting it into his 401k. Find much income tax will Ted delay in paying every month by putting his money into an 401k. Ted plans to retire in 34 years. How much income tax will Ted delay in paying over the 34 years? Round your answer to the nearest cent.

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