INCORRECT!
Oops! Almost There!
“If you don’t find a way to make money while you sleep, you will work until you die.” — Warren Buffett (popular paraphrase)
Need A Hint?
Subtract the tax: keep $1,000 × (1 − 0.20) = $800 after 20% tax.
Did You Also Know...
By Quiz Coins
SEP IRAs and solo 401(k)s allow many self-employed people to contribute far more toward retirement than a standard IRA.