maria wants to withdraw enough money from her IRA so that she has $6,800 cash left after paying 20% to the IRS. How much should she withdraw?

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maria wants to withdraw enough money from her IRA so that she has $6,800 cash left after paying 20% to the IRS. How much should she withdraw?

depends on how much she has to start with

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Asked 12/10/2008 9:23:50 AM

Updated 1/7/2025 8:34:19 AM

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After paying 20% in taxes, she will keep 80% of the withdrawn amount. Therefore, the equation is:
0.80 × x = 6,800
Now, solve for x:
x = 6,800 ÷ 0.80 = 8,500
Maria should withdraw $8,500 to have $6,800 remaining after the IRS deduction.

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Added 1/7/2025 8:34:19 AM

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chris with drew $33,000 from an IRA. After paying Tax he had $24, 090 left. What was the percentage of tax he paid?

Weegy: 73% User: if 18 pipe layers can lay 5 miles of pipe in 6 months, how many are required to lay 60 miles of pipe in 2 months? Weegy: What is your problem (More)

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Expert Answered

Updated 138 days ago|9/5/2025 9:57:27 AM

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Calculate the tax paid
Tax Paid = Withdrawal Amount Left
Tax Paid = 33,000 24,090 = 8,910
Calculate the tax percentage
Tax % = (Tax Paid / Withdrawal) × 100
Tax % = (8,910 / 33,000) × 100 27%
Answer: Chris paid approximately 27% tax.

Added 138 days ago|9/5/2025 9:57:27 AM

This answer has been confirmed as correct and helpful.

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