Annual APR is 7.2% just looking for verification on...
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Annual APR is 7.2%
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d. After 40 years, how much will each account be worth? 401(k) = after 40 Roth IRA = $490,460 yrs. A-$1237,525 I ZA after 40 yrs. @ 7.22 Roth IRA- A = 1141.92 (+ :0727 $237,525 072 hour 072 A = 1801 + 1072) 12 1072 e. When you withdraw the money from your accounts, what will be the net amount (after 12 taxes) for each account? 401) # 490,4600 - based on your marginal Roth IRA = $ 237,525 TRA 81014 taxes 3156,510 net ant. $490,440..35% 111, ecel - 171, letet taxes 1318, 799 net anti on 4012 d labie OT instructions on how to calculate taxes based on the taxable income. If taxable income is over- $0 $9,525 $38,700 $82,500 $157,500 $200,000 $500,000 But not over - Tax owed $9,525 10% of taxable income to $38,700 $952.50 plus 12% of the amount over $9,525 to $82,500 $4,453.50 plus 22% of the amount over $38,700 to $157,500 $14,089.50 plus 24% of the amount over $82,500 to $200,000 $32,089.50 plus 32% of the amount over $157,500 to $500,000 $45,689.50 plus 35% of the amount over $200,000 $150,689.50 plus 37% of the amount over $500,000 or more
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