- #1

bap902

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## Homework Statement

Carlos is 60 years old, is in the 32% marginal tax bracket, and has $544,000 in his Roth IRA. How much money will he have after taxes if he withdraws all the money from the account?

## Homework Equations

(1-tax bracket)x(amount)=earnings after income tax

## The Attempt at a Solution

I did (1-.32)(544000)=369920, but I know that's not the right answer. What am I doing wrong?