You would like to have $950,000 in 38 years by making regular deposits at the end of each month in an annuity that pays 6% compounded monthly. The table below shows the 2021 marginal tax rates, standard deduction, and exemptions for a single person. Complete parts (a) through (c).

You would like to have $950,000 in 38 years by making regular deposits at the end of a. Determine the deposit at the end of each month. each month in an annuity that pays 6% compounded monthly. The table below shows the 2021 marginal tax rates, standard deduction, and exemptions for a single person. In order to have $950,000 in 38 years, you should deposit $ each month. Complete parts (a) through (c). (Round up to the nearest dollar.) b. Assume that the annuity in part (a) is a tax-deferred IRA belonging to a man whose gross income is $50,000. 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 $ (Use the answer from part (a) to find this answer. Round up to the nearest cent as needed.) The income tax without the IRA is $ Click the icon to view some finance formulas. (Use the answer from part (a) to find this answer. Round up to the nearest cent as needed.) c. What percent of his gross income are the man's federal taxes with and without the IRA? The man's taxes are % of his gross income with the IRA. (Round to the nearest tenth as needed.) The man's taxes are \% of his gross income without the IRA. (Round to the nearest tenth as needed.)