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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?
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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
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2 Answers

3 votes

Answer:

300

Step-by-step explanation:

I know

User Alegro
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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
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