Mathematics, 09.04.2021 23:40 Ayakouhail1
You put $6,000 in a traditional IRA account this year that earns 3% interest compounded monthly. You are currently in the 12% federal income ax bracket. You keep you money in the bank for 25 years. After 25 years, you make much more money per year so you are in the 24% federal income tax bracket.
a. Calculate the balance in you Traditional IRA in 25 years.
b. How much tax will you pay when you withdraw you money in 25 years?
c. If you had put your $6,000 in a Roth IRA instead, how much tax would you have paid when you deposited it?
d. How much less tax would you have paid by using a Roth IRA?
Answers: 1
Mathematics, 21.06.2019 21:30, gigi6653
Damon makes 20 cups of lemonade by mixing lemon juice and water. the ratio of lemon juice to water is shown in the tape diagram. lemon juice\text{lemon juice} lemon juice water\text{water} water how much lemon juice did damon use in the lemonade? cups
Answers: 3
Mathematics, 22.06.2019 03:30, lizzieee51
Assume that adults have iq scores that are normally distributed with a mean of mu equals 100 and a standard deviation sigma equals 20. find the probability that a randomly selected adult has an iq less than 132. the probability that a randomly selected adult has an iq less than 132 is?
Answers: 1
You put $6,000 in a traditional IRA account this year that earns 3% interest compounded monthly. You...
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