Trudy is 35 years old and is considering investing $2,000 per year in a savings account at 8%, or $2,000 per year in an RRSP at 8%, (both annual interest and ordinary annuities). The money will be invested for the next 30 years and will not be withdrawn until Trudy retires at the age of 65. Trudy pays 35% tax on ordinary income. Which of the following is correct? (Round your future value annuity factor to 3 decimal places.)

Trudy is 35 years old and is considering investing $2,000 per year in a savings account at 8%, or $2,000 per year in an RRSP at 8%, (both annual interest and ordinary annuities). The money will be invested for the next 30 years and will not be withdrawn until Trudy retires at the age of 65. Trudy pays 35% tax on ordinary income. Which of the following is correct? (Round your future value annuity factor to 3 decimal places.)

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

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter15: Choice Of Business Entity—other Considerations

Section: Chapter Questions

Problem 94TPC

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