A person has a health saver plan with the likelihood of

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A person has a health saver plan with the likelihood of spending per year: $1000 (.10), $2000 (.20) $3000(0.30) and $4000(0.4). With the health saver plan the amount of money you put into your health plan is not subject to federal taxes. if your federal income tax rate is 30% and your annual salary is $40,000. how much money should you put into the plan in order to maximize your income?

Reference no: EM13617666

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