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mafiozo [28]
3 years ago
8

You put $2,000 into a tax-deferred retirement account this year. your marginal tax rate is 15%. how much did you save on this ye

ar's tax bill?
a.$150
b.$300
c.$1,700
d.$2,000
Mathematics
2 answers:
viva [34]3 years ago
6 0
I want to say 150 which is answer A


Nady [450]3 years ago
5 0

Usually we pay some tax to the government on the salary or earning.

Given that money deposited into tax-deferred retirement account this year = $2000

Given that marginal tax rate = 15 %

Now we have to find the how much did you save on this year's tax bill.


tax on deposited money will be = 15% of 2000

= 0.15* 2000 = 300

So tax paid = $300


Money left after paying tax = $2000 - $300 = $1700

Hence money saved this year’s tax bill is $1700.


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