Michelle, age 54, it's self-employed and has never made a lot of money. But, she is consistently saved 3864 per year into a traditional IRA. Over the years, she's taking full advantage of the tax law and deducted each year's contribution from her tax return. If Michelle started saving age 25 and has earned an average annual rate of 4% how much is the account worth today? 204,662 19,751 645,875 44,630

Michelle, age 54, it's self-employed and has never made a lot of money. But, she is consistently saved 3864 per year into a traditional IRA. Over the years, she's taking full advantage of the tax law and deducted each year's contribution from her tax return. If Michelle started saving age 25 and has earned an average annual rate of 4% how much is the account worth today? 204,662 19,751 645,875 44,630

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 63P

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