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Thepotemich [5.8K]
3 years ago
7

Victoria deposited $3,000 into an IRA that grew to $6,000 at her retirement. If Victoria is currently in the 15% bracket and is

retired, how much will she have to pay when she withdraws the entire $6000?
Mathematics
2 answers:
Tpy6a [65]3 years ago
8 0

Answer:

She will have to pay $900 when she withdraws the entire $6000.

Step-by-step explanation:

Given

Victoria deposited money= $3000

At her retirement

Victoria's money grow=$6000

Victoria is currently in bracket=15%

Now,to find the 15% of $6000

\frac{15}{100} \times 6000

Because 15% means \frac{15}{100}

15% of $ 6000=15\times 60

15% 0f $ 6000= $900

Therefore, when she withdraws the entire amount $6000 then she will have to pay= $900

TEA [102]3 years ago
6 0
I think it is $900 because .15* 6000 is 900. This means Victoria needs to pay $900.  <span />
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