crystalhouk06 crystalhouk06

28-12-2022
Business

Answered

An employee in the 12% tax bracket
invests $1000.00 in a Roth IRA. When the
employee retires, her salary is in the 22%
tax bracket. What tax will be assessed on
the initial investment at retirement?
A. $220.00
B. Not enough information to answer
C. $120.00
D. Since the employee used a Roth IRA, she will pay no taxes on her
investment at retirement.

Answer :

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