Register

Edna deposited $2200 into a traditional IRA that grew to $7300 at her retirement. If Edna is currently in the 15% tax bracket and is 74 years old, how much tax will she have to …

Edna deposited $2200 into a traditional IRA that grew to $7300 at her retirement. If Edna is currently in the 15% tax bracket and is 74 years old, how much tax will she have to …
31.8k views
0 votes
Edna deposited $2200 into a traditional IRA that grew to $7300 at her

retirement. If Edna is currently in the 15% tax bracket and is 74 years old, how
much tax will she have to pay when she withdraws the entire $7300?

User MilesStanfield
by
7.8k points

2 Answers

2 votes

Answer:

The correct answer is $1905

User Bob Tabor
by
8.4k points
4 votes

Answer: 1096

Explanation:

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

Related questions

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

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!