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Author Question: Sylvia makes a one-time $2,000 deductible contribution into a deductible traditional IRA account, ... (Read 111 times)

dakota nelson

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Question 1

State and local government obligations such as municipal bonds are classic examples of which model?
◦ Deferred Model
◦ Exempt Model
◦ Current Model
◦ Pension Model

Question 2

Sylvia makes a one-time $2,000 deductible contribution into a deductible traditional IRA account, which will earn 8% annually before taxes. Twenty-five years later, at age 65, she withdraws all of the accumulation from the IRA when she is in the 15% marginal tax bracket. What is the total of her after-tax accumulated proceeds from the IRA?
◦ $6,000
◦ $8,541
◦ $11,642
◦ $13,697


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Marked as best answer by dakota nelson on Sep 13, 2020

hugthug12

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dakota nelson

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


elyse44

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Reply 3 on: Yesterday
Excellent

 

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