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You would like to have $ 6 0 0 comma 0 0 0 in 3 5 years by making regular deposits at the end of
You would like to have $ comma in years by making regular deposits at the end of each month in an annuity that pays compounded monthly. The table below shows the marginal tax rates, standard deduction, and exemptions for a single person. Complete partsa throughc Tax Rate Single up to $ $ to $ $ to $ $ to $ $ to $ $ to $ more than $ Standard Deduction $ comma LOADING... Click the icon to view some finance formulas. Question content area right Part a Determine the deposit at the end of each month. In order to have $ comma in years you should deposit $ enter your response here each month. Round up to the nearest dollar. Part b Assume that the annuity in parta is a taxdeferred IRA belonging to a man whose gross income is $ comma Use the table on the left to calculate his taxes first with and then without the IRA. Assume the man is single with no dependents, has no tax credits, and takes the standard deduction. The income tax with the IRA is $ enter your response here. Use the answer from parta to find this answer. Round up to the nearest cent as needed. The income tax without the IRA is $ enter your response here. Use the answer from parta to find this answer. Round up to the nearest cent as needed. Part c What percent of his gross income are the man's federal taxes with and without the IRA? The man's taxes are enter your response here of his gross income with the IRA. Round to the nearest tenth as needed. The man's taxes are enter your response here of his gross income without the IRA. Round to the nearest tenth as needed.
You would like to have $ comma in years by making regular deposits at the end of each month in an annuity that pays compounded monthly. The table below shows the marginal tax rates, standard deduction, and exemptions for a single person. Complete partsa throughc
Tax Rate
Single
up to $
$ to $
$ to $
$ to $
$ to $
$ to $
more than $
Standard Deduction
$ comma
LOADING... Click the icon to view some finance formulas.
Question content area right
Part
a Determine the deposit at the end of each month.
In order to have $ comma in years you should deposit $
enter your response here each month.
Round up to the nearest dollar.
Part
b Assume that the annuity in parta is a taxdeferred IRA belonging to a man whose gross income is $ comma Use the table on the left to calculate his taxes first with and then without the IRA. Assume the man is single with no dependents, has no tax credits, and takes the standard deduction.
The income tax with the IRA is $
enter your response here.
Use the answer from parta to find this answer. Round up to the nearest cent as needed.
The income tax without the IRA is $
enter your response here.
Use the answer from parta to find this answer. Round up to the nearest cent as needed.
Part
c What percent of his gross income are the man's federal taxes with and without the IRA?
The man's taxes are
enter your response here of his gross income with the IRA.
Round to the nearest tenth as needed.
The man's taxes are
enter your response here of his gross income without the IRA.
Round to the nearest tenth as needed.
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