Kelly pays 15 in capital gains and dividend taxes and 35 in, Ask an Expert

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Kelly pays 15% in capital gains and dividend taxes and 35% in ordinary income taxes. Kelly is considering a contribution of $3,000 to a traditional IRA or a taxequivalent amount to a Roth IRA. How much will she need to contribute to the Roth IRA to have the same outcome as the traditional IRA?

A: $1,950

B: $2,550

C: $3,000

D: $3,529

E: $4,615

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91727267

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