Dang Nguyen Currently Makes $30,000 Per Year and Is in a 25

question 89

Multiple Choice

Dang Nguyen currently makes $30,000 per year and is in a 25% tax bracket. If he contributes $2,400 to his 401K plan at work, by how much will this lower his taxable income?

• A) $7,500
• B) $600
• C) $2,400
• D) not enough information to determine the answer

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Definitions:

Blood Alcohol Level

A measurement of the amount of alcohol present in the bloodstream, usually used to determine legal intoxication.

Acetaldehyde

A toxic compound that is a byproduct of alcohol metabolism, linked to numerous adverse health effects.

Hangover

Physical and mental discomfort symptoms experienced after consuming excess alcohol, usually including headache, nausea, and fatigue.

REM Sleep

A stage of sleep characterized by rapid eye movements, more dreaming and bodily movement, and faster pulse and breathing.