Question: Ted has started a 401k. His current income tax bracket is 38%. He is saving $171 a month by putting it into his 401k. Find

Ted has started a 401k. His current income tax bracket is 38%. He is saving $171 a month by putting it into his 401k. Find how much income tax will Ted delay in paying every month by putting his money into an 401k. How much will Ted's take home pay decrease each month?

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