The amount of tax saved every year by making the retirement fund contributions in 28% tax bracket. The total earnings is $50,000. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

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Answer 1

Question

Chapter 18.III, Problem 30RE

(a)

To determine

To calculate: The amount of tax saved every year by making the retirement fund contributions in 28% tax bracket. The total earnings is $50,000. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

(b)

To determine

To calculate: The amount of retirement fund in 30 years if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

(c)

To determine

To calculate: The amount of tax saving fund in 30 years, if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

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Answer 2

Question

Chapter 18.III, Problem 30RE

(a)

To determine

To calculate: The amount of tax saved every year by making the retirement fund contributions in 28% tax bracket. The total earnings is $50,000. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

(b)

To determine

To calculate: The amount of retirement fund in 30 years if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

(c)

To determine

To calculate: The amount of tax saving fund in 30 years, if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

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Answer 3

Question

Chapter 18.III, Problem 30RE

(a)

To determine

To calculate: The amount of tax saved every year by making the retirement fund contributions in 28% tax bracket. The total earnings is $50,000. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

(b)

To determine

To calculate: The amount of retirement fund in 30 years if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

(c)

To determine

To calculate: The amount of tax saving fund in 30 years, if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

Expert Solution & Answer

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Answer 4

Question

Chapter 18.III, Problem 30RE

(a)

To determine

To calculate: The amount of tax saved every year by making the retirement fund contributions in 28% tax bracket. The total earnings is $50,000. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

(b)

To determine

To calculate: The amount of retirement fund in 30 years if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

(c)

To determine

To calculate: The amount of tax saving fund in 30 years, if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

Expert Solution & Answer

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Answer 5

Chapter 18.III, Problem 30RE

(a)

To determine

To calculate: The amount of tax saved every year by making the retirement fund contributions in 28% tax bracket. The total earnings is $50,000. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

(b)

To determine

To calculate: The amount of retirement fund in 30 years if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

(c)

To determine

To calculate: The amount of tax saving fund in 30 years, if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

Answer 6

Chapter 18.III, Problem 30RE

(a)

To determine

To calculate: The amount of tax saved every year by making the retirement fund contributions in 28% tax bracket. The total earnings is $50,000. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

Answer 7

Chapter 18.III, Problem 30RE

(a)

To determine

To calculate: The amount of tax saved every year by making the retirement fund contributions in 28% tax bracket. The total earnings is $50,000. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

Answer 8

(b)

To determine

To calculate: The amount of retirement fund in 30 years if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

Answer 9

(b)

To determine

To calculate: The amount of retirement fund in 30 years if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

Answer 10

(c)

To determine

To calculate: The amount of tax saving fund in 30 years, if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

Answer 11

(c)

To determine

To calculate: The amount of tax saving fund in 30 years, if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

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The amount of tax saved every year by making the retirement fund contributions in 28% tax bracket. The total earnings is $50,000. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

Solution Summary: The author calculates the amount of tax saved every year by making the retirement fund contributions in 28% tax bracket.

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To calculate: The amount of tax saved every year by making the retirement fund contributions in 28% tax bracket. The total earnings is $50,000. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

To calculate: The amount of retirement fund in 30 years if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

To calculate: The amount of tax saving fund in 30 years, if the total earnings is $50,000 in 28% tax bracket. The tax free is $2,500 with the interest rate of 8% in retirement account and the aggressive growth mutual fund is averaged at 15%.

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