Sylvia makes a one- time $2,000 deductible contribution into a deductible traditional IRA account, which will earn 8% annually before taxes. Twenty- five years later, at age 65, she withdraws all of the accumulation from the IRA when she is in the 15% marginal tax bracket. What is the total of her after- tax accumulated proceeds from the IRA?
A) $8,541
B) $6,000
C) $13,697
D) $11,642
Correct Answer:
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