The purpose of this task is for students to solve a mathematical problem using points in the coordinate plane. This task also helps lay the foundation for understanding operations on signed numbers without formally introducing those notions, which are not expected until 7th grade (see 7.NS.1).
Theresa Ann Lane Haggard is around 56 years old. She was 33 in 1993 when she married Merle, who was 56 then (born April 6, 1937). She was his 5th wife.
Ann has $95,000 in her traditional IRA, all of which is pre-tax. If Ann makes a $5,000 nondeductible (after-tax) contribution to a traditional IRA, her total IRA balance will be $100,000, $5,000 of which will be after-tax. Thus, only 5% ($5,000 / $100,000 = 5%) of her Roth IRA conversion â will be tax-free.