Mathematics, 12.05.2021 20:50 Ryantimes2

Last year, Bill had a taxable income of $39,000 and paid about 20% in taxes. This year he contributed $2,500 to a traditional IRA. About how
much could his tax liability be reduced?
Tax without IRA?
Tax with IRA?
Difference?

Answers: 1

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More questions: Mathematics Another questions

Last year, Bill had a taxable income of $39,000 and paid about 20% in taxes. This year he contributed $2,500 to a traditional IRA. About how much could his tax liability be reduced? Tax without IRA? Tax with IRA? Difference?

Answers

Another question on Mathematics

Last year, Bill had a taxable income of $39,000 and paid about 20% in taxes. This year he contributed $2,500 to a traditional IRA. About how
much could his tax liability be reduced?
Tax without IRA?
Tax with IRA?
Difference?