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Can you help me answer these questions please? 4 dividual retirement accounts (IRAs) were established by the U.S. government to encourage saving. An individu are

Can you help me answer these questions please?

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4 dividual retirement accounts (IRAs) were established by the U.S. government to encourage saving. An individu are any income taxes ch are any income taxes charged on the interest earned by the funds in the IRA. However, when the funds are 0.62 income tax rate, withdrawn from the IRA, the full amount withdrawn is treated as income and is taxed at the individual's current In contrast, an individual depositing in a non-IRA account has to pay income taxes on the funds deposited and on hat is different from a star savings account is that funds deposited in an IRA cannot be withdrawn prior to retirement, except upon payment of a substantial penalty . a. Sarah, who is five years from retirement, receives a $10,000 bonus at work. She is trying to decide is in the 30 percent tax bracket in every year (including her retirement year). References Compare the amounts that Sarah will have in five years under each of the two saving strategies, net of all taxes, Is the IRA a good deal for Sarah? Instructions: Enter your responses rounded to the nearest dollar. if Sarah invests in the IRA, her net awing the funds and paying her taxes) five years from now will e: $. Sarah invests in the normal savings after taxes) five years from now will be: $ 5 each part that follows, use the economic data given to find national saving, private saving, public saving, and the ational saving rate. 0.62 . House paints g = 400 Skipped Government purchases of goods and services - 260 Government transfers and interest payments = 135 Tax collections = 245 GDP = 3,000 nstructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any negative numbers, be sure to include a (-) in front of those numbers. National saving Private saving Public saving National saving rate . GDP = 6,400 Tax collections - 1,925 Government transfers and interest payments = 400 Consumption expenditures = 4,5 Government budget surplus = 100 Instructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any negative numbers, be sure to include a (-) in front of those numbers. National saving Private saving Public saving National saving rate c. Consumption expenditures = 4,800 Investment = 1,000 Government purchases = 1,000 Net exports = 16 Tax collections = 1,700 Government transfers and interest payments = 500 Instructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any negative numbers, be sure to include a (-) in front of those numbers. National saving Private saving Public saving National saving rate 6 each part that follows, use the economic data given to find national saving, private saving, public saving, and the 2.62 . Household saving = 200 Business saving = 400 Skipped Government purchases of goods and services = 200 Government transfers and interest payments = 120 Tax collections = 215 GDP = 2,700 e Book Instructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any legative numbers, be sure to include a (-) in front of those numbers. National saving rate . GDP = 6,250 Tax collections = 1,625 Government transfers and interest payments = 400 Consumption expenditures Government budget surplus = 100 Instructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any negative numbers, be sure to include a (-) in front of those numbers. National saving Private saving Public saving National saving rate Consumption expenditures = 4,500 Investment = 1,000 Government purchases = 1.000 Net exports = 10 Tax collections = 1,625 Government transfers and interest payments = 500 nstructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any negative numbers, be sure to include a (-) in front of those numbers. National saving Private saving Public saving National saving rate

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