ge6fa02h.AP6-3.09 Note: Please make sure to properly format your answers. All dollar figures in the answers need to include the amount over 1,000 should include the comma ( 2,354.67) All percentage values in the answers need to inclu (96). For all items without specific rounding instructions, round your answers to two decimal places, show bott (5.06) Martina is taxed at a rate of 25% for her federal taxes.Last year, she reduced her taxable income by con flexible savings plan in the amount of 2,700 If her wages before the deduction were 68,000 how mucl federal taxes by using the FSA? square

To find out how much federal taxes Martina saved by using the Flexible Savings Account (FSA), we need to calculate the amount of taxes she would have paid without the FSA and then subtract the amount of taxes she paid with the FSA.<br /><br />Step 1: Calculate the amount of taxes Martina would have paid without the FSA.<br />Martina's wages before the deduction were $68,000. Since she is taxed at a rate of 25% for her federal taxes, we can calculate the amount of taxes she would have paid without the FSA by multiplying her wages by the tax rate:<br />$68,000 * 0.25 = $17,000<br /><br />Step 2: Calculate the amount of taxes Martina paid with the FSA.<br />Since Martina reduced her taxable income by $2,700 by using the FSA, we can calculate the amount of taxes she paid with the FSA by multiplying the reduced taxable income by the tax rate:<br />($68,000 - $2,700) * 0.25 = $15,300<br /><br />Step 3: Calculate the amount of federal taxes saved by using the FSA.<br />To find out how much federal taxes Martina saved by using the FSA, we subtract the amount of taxes she paid with the FSA from the amount of taxes she would have paid without the FSA:<br />$17,000 - $15,300 = $1,700<br /><br />Therefore, Martina saved $1,700 in federal taxes by using the FSA.