Scenario $1$

Jill $(25)$ is single, does not have any dependents, and expects to retire at $60.$ Her annual salary is $$60,000$ per year.$$

Use the $$Tax Calculations$$ worksheet to answer questions $1-3.$ Use the $$Retirement Calculations$$ worksheet to answer questions $4-8.1.$Assuming Jill takes the standard deduction and does not make any contributions to any IRA or a $401($k$),$ how much in Federal income taxes will she owe for the current tax year? Answer: $2.$ Assuming Jill makes the maximum allowable contributions to a traditional IRA and a $401($k$),$ how much in Federal taxes will she owe for the current tax year?$$ Answer: $3.$ Assuming Jill makes the maximum allowable contributions to a Roth IRA and a $401($k$),$ how much in Federal taxes will she owe for the current tax year?$($No contribution to a traditional IRA, maximum contribution to a Roth IRA$)$