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Author Question: Rachel invests $5,000 in a money market account which earns a 5% before-tax return. Rachel has a 20% ... (Read 102 times)

abc

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on: Sep 13, 2020

Question 1

Melanie is in the 39.6% tax bracket and is ineligible to make deductible or Roth IRA contributions. Nevertheless, she wishes to contribute $5,500 to a traditional nondeductible IRA. How much taxable salary must she earn to have $5,500 left for the contribution?

Question 2

Rachel invests $5,000 in a money market account which earns a 5% before-tax return. Rachel has a 20% marginal tax rate. Rachel makes the one-time investment and leaves the funds in the account for 10 years. She allows all after-tax earnings to remain in the account. What is her after-tax accumulation after 10 years?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by abc on Sep 13, 2020

dantucker

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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abc

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

FergA

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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