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?
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
7.1k points

2 Answers

3 votes

Answer:

300

Step-by-step explanation:

I know

User Alegro
by
6.4k 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
6.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.5m answers

Other Questions

What is meant by data mining ?
Identify the advantages and disadvantages of a command economy.
How can life expectancy and literacy rates affect the quality of labor in the economy?
Analyze and identify the role of the government in a free enterprise economy.
A politician wants to see what people in her district think about tax cuts. Which procedure would be a good way of conducting a survey
Link Copied!