Save her in total over the next 15 years

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Investment Value. Judy believes that another benefit of investing the extra $3,648 in her employer-sponsored retirement plan is the tax savings. Judy is in a 25% marginal tax bracket.

How much will investing in this manner save her in taxes annually?

Assuming she remains in a 25% marginal tax bracket until she retires, how much will it save her in total over the next 15 years, ignoring the time value of the tax savings?

Reference no: EM131299942

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