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2. Joe has been working for Company A for a total of four years. Company A offers Joe a 401(k) plan. At the end of

2. Joe has been working for Company A for a total of four years. Company A offers Joe a 401(k) plan. At the end of the fourth year of working at Company A, Joe leaves and begins working for another employer Company B. Company B also offers a 401(k) plan. When Joe leaves Company A, his 401(k)-account balance is $56,000, of which:

Company As contribution = $40,000

Joes contribution = $10,000

Interest earnings = $6,000.

a. Upon leaving Company A, how much of the 401(k)-account balance can Joe take with him at a minimum?

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