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Other Fields Homework Help Accounting Topic started by: Sheena Maskell on Jan 11, 2017



Title: Ken invests $5,000 in a deductible IRA which he will hold for 10 years. His current tax rate is 30% ...
Post by: Sheena Maskell on Jan 11, 2017
Ken invests $5,000 in a deductible IRA which he will hold for 10 years. His current tax rate is 30% and he estimates that his tax rate will remain the same upon withdrawal. He will not be subject to then 10% penalty tax. Assume that the IRA will yield a before-tax return of 10%. What is the after-tax accumulation?


Title: Re: Ken invests $5,000 in a deductible IRA which he will hold for 10 years. His current tax rate is ...
Post by: Yoko900 on Jan 11, 2017
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Title: Re: Ken invests $5,000 in a deductible IRA which he will hold for 10 years. His current tax rate is 30% ...
Post by: Sheena Maskell on Mar 20, 2017
Perfect :raised_hands: