Question: I am currently in math 123 at Ivy Tech. Chapter 12 relates to Retirement and savings plans. The question is....Ted has started a 401K. His

I am currently in math 123 at Ivy Tech. Chapter 12 relates to Retirement and savings plans. The question is....Ted has started a 401K. His current income bracket is 39%. He is saving $177 a month by putting it into his 401k.

Find out how much income tax will Ted delay paying each month by putting his money into a 401k.

How much will Teds take home pay decrease each month?

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