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Author Question: Jake invested $800 in an IRA. If he has a 15% marginal tax rate and the contribution is tax ... (Read 25 times)

Bob-Dole

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Jake invested $800 in an IRA. If he has a 15% marginal tax rate and the contribution is tax deductible, Jake will


◦ pay $120 more in taxes.
◦ pay $120 less in taxes.
◦ receive no change to his tax liability.
◦ have $800 more in adjusted gross income.


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Marked as best answer by Bob-Dole on Apr 12, 2019

macagnavarro

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Bob-Dole

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Reply 2 on: Apr 12, 2019
YES! Correct, THANKS for helping me on my review


deja

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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