Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

You earned 88,000 last year. You put 4500 in an IRA and 2400 in a 401(k). You will deduct the total from your taxable income. What did you just save in federal income taxes if you are in a tax bracket that pays 25% of your income in federal income taxes per year?

Sagot :

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.