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Jose does not have a retirement plan at work. He currently earns$30,000 in salary and is in the15% marginal tax bracket.

Jose does not have a retirement plan at work. He currently earns$30,000 in salary and is in the15% marginal tax bracket. If he contributes the maximum contribution of$5,500 to his traditionalIRA, how much money will he save on his income taxliability?

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