Question
HELP ME Given the following data for a post -retirement contribution with: Annual contribution : 7500 tax bracket: 15%, Effective rate: 9% , Investment years:
HELP ME
Given the following data for a post -retirement contribution with: Annual contribution : 7500 tax bracket: 15%, Effective rate: 9% , Investment years: 25 Note specific instructions: Calculate the available retirement income (after tax) by: 1)reducing the contribution amount by the tax you would have to pay on that amount BEFORE calculating the final annuity amount. So: you have to reduce the contribution amount by the tax you would have to pay on that amount and Calculate the interest earned then Calculate balance after taxes I got $420,089.9741 as the available retirement income.. is this correct?
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Finance For Small And Entrepreneurial Business
Authors: Richard Roberts
1st Edition
0415721008, 978-0415721004
