Question: please help me 401(k), 403(b) and IRA Contributions - Homework 1. Jack contributed $400 per month into a traditional IRA in pre-tax dollars during the

please help me

401(k), 403(b) and IRA Contributions - Homework 1. Jack contributed $400 per month into a traditional IRA in pre-tax dollars during the last tax year. His taxable income for the year was $62,350. He files taxes as a single taxpayer. How much did he save in taxes last year because of his retirement contributions? 2. Meryl contributed $500 after-tax dollars per month into Roth IRA account last tax year. Her taxable income for the year was $77,480. She files taxes as a married filing separately taxpayer. How much did she save on taxes last year because of her retirement contributions? 3. Ricky is 35 years old. He plans to retire when he is 63. He has opened a traditional IRA account that should pay 6% interest compounded monthly. If he makes monthly deposits of $400, how much will he have in the account by the time he retires? 4. Conor is 21 years old and just started working after college. He has opened an IRA that pays 5% interest compounded monthly. He plans on making monthly deposits of $200. How much will he have in the account when he reaches 59 %% years of age

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