Question: Ted has started an IRA. His current inome tax bracket is 2 2 % . He is saving $ 2 0 8 a month by

Ted has started an IRA. His current inome tax bracket is

22 % .

He is saving $

208

a month by putting it into his IRA. Find out how much income tax will Ted delay in paying every month by putting his money into an IRA. How much will Ted's take home pay decrease each month?

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