Elly and Frank are a married couple whose combined salaries are $150,000
per year. Based on th...
Elly and Frank are a married couple whose combined salaries are $150,000
per year. Based on the tax table below, how much do they need to contribute
to their IRA in order to fall into a lower tax bracket?
Single
Married Filing Jointly
Taxable
income is
over
But not
over
Bracket
Taxable
income is
over
But not
over
Bracket
8,350
10%
10%
8,350
33 950
15%
15%
33.950
25%
25%
$0 16.700
16,700 67.900
67 900137 050
137050 208.850
208 850 372 950
372950
82 250
171.550
372 950
28%
82.250
171550
28%
33%
33%
372 950
35%
35%
Answers: 1
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