Devon is a single man whose salary is $90,000 per year. Based on the tax
table below, how much does he need to contribute to his employer's 401(k) in
order to fall into a lower tax bracket?
Single
Married Filing Jointly
Taxable
But not
Bracket
Taxable
income is
over
But not
over
Bracket
8,350
10%
10%
16.700
67.900
8.350
33.960
15%
33.950
$0
16700
67.900
137050
208050
372,960
137050
208 160
82.250
171550
372 950
82 250
171550
372,950
33%
372.950
O
A. $8350
B. $7750
c. $1500
D. $6050
O
O