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(Table: IRA Contributions) the Table Shows the Marginal Income Tax

question 81

Multiple Choice

(Table: IRA Contributions) The table shows the marginal income tax rate for four individuals and the annual contribution they make to their respective IRAs. Which woman has the smallest decrease in after-tax income after making her IRA contribution?  Mary  Kathleen  Isabelle  Patricia  Marginal income  tax rate 30%25%40%35% IRA contribution $3,000$3,200$2,000$2,500\begin{array} { | l | l | l | l | l | } \hline & \text { Mary } & \text { Kathleen } & \text { Isabelle } & \text { Patricia } \\\hline \begin{array} { l } \text { Marginal income } \\\text { tax rate }\end{array} & 30 \% & 25 \% & 40 \% & 35 \% \\\hline \text { IRA contribution } & \$ 3,000 & \$ 3,200 & \$ 2,000 & \$ 2,500 \\\hline\end{array}


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