You are in the 25 percent income tax bracket. What are the taxes owed or saved if
Question:
You are in the 25 percent income tax bracket. What are the taxes owed or saved if you
a) Contribute $2,000 to a 401(k) plan
b) Contribute $2,000 to a Roth IRA
c) Withdraw $2,000 from a traditional IRA
d) Withdraw $2,000 from a Keogh account
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a The 2000 contribution to the 401k plan reduces income by 2000 and save...View the full answer
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