Register

You put $2,000 into a tax-deferred retirement account this year. Your marginal tax rate is 15%. How much did you save on this year's tax bill?

You put $2,000 into a tax-deferred retirement account this year. Your marginal tax rate is 15%. How much did you save on this year's tax bill?
132k views
5 votes
You put $2,000 into a tax-deferred retirement account this year. Your marginal tax rate is 15%. How much did you save on this year's tax bill?

User Msw
by
8.6k points

2 Answers

3 votes

Answer:

300

Step-by-step explanation:

I know

User Alegro
by
8.2k points
1 vote
The amount you have is 2000 dollars. And the tax rate is 15%.
Solutions:
=> 2000 * .15 = 300
300 is the yearly tax bill that you are going to pay from your retirement
=> 2000 - 300 = 1700 is the remaining money left.


User BoCyrill
by
8.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
Link Copied!