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Lindsay deposited $2000 into a Roth IRA that grew to $5000 by retirement. If Lindsay is currently in the 10% tax bracket and retired, how much tax will she have to pay in taxes when she withdraws the entire
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Lindsay deposited $2000 into a Roth IRA that grew to $5000 by retirement. If Lindsay is currently in the 10% tax bracket and retired, how much tax will she have to pay in taxes when she withdraws the entire $5000?

User Mark Sowul
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2 Answers

7 votes

Answer: 0 dollars !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Step-by-step explanation: just did it !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

User Dzenly
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5.8k points
2 votes

Answer:

$0 Dollars!!!!!!!!!!!!!!!!!!!!!!!

User RomaValcer
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5.2k points
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