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Valerie deposited $2000 into an IRA that grew to $5000 by retirement. If Valerie is currently in the 15% tax bracket and retired, how much tax will she have to pay when she with…

Valerie deposited $2000 into an IRA that grew to $5000 by retirement. If Valerie is currently in the 15% tax bracket and retired, how much tax will she have to pay when she with…
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2 votes
Valerie deposited $2000 into an IRA that grew to $5000 by retirement. If Valerie is currently in the 15% tax bracket and retired, how much tax will she have to pay when she withdraws the entire $5000?

asked
User Andrgolubev
by
8.1k points

2 Answers

1 vote

Answer:

750

Explanation:

answered
User Nikhil Baliga
by
8.3k points
5 votes
the answer will be $750
answered
User Izold Tytykalo
by
7.9k points
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