Alex is 31 years old and has lived in Los Alamos, New Mexico, for the last four years where he works at the Los Alamos National Laboratory (LANLJ. LANL provides employees with a 401k) plan and for every $1 an employee contributes (up to 9 percent of the employee's salary) LANL contributes $3 (a 3-to-1 match). The plan provides a six-year graded vesting schedule. Alex is now in his fifth year working for LANL, and his current year salary is $170.000. Alex's marginal tax rate is 24 percent in 2018, Answer the following questions relating to Alex's retirement savings in 2018.(Use Exhibit 132. Exhilbit 13.3) Required: a. Assume that over the past four years, Alex has contributed $45,000 to his 4010k) and his employer has contributed $115,000 to the plan. The plan has an account balance of $175,000. What is Alex's vested account balance in his 40Vk)? contributions. What is the least amount Alex can contribute and still maximize LANLs contribution? after taxes and penalties, will Alex have available to complete his project? 61) and withdraws the $10,000 contribution made this year and all the earnings generated by the contribution Also assume that his percent annual before-tax rate of return, what are his after-tax proceeds from the distribution? b. Because Alex considers his employer's matching contributions "free money, he wants to maximize the amount of LANL's c. In need of cash to build a home theater, Alex withdrew $30,000 from his traditional 4010k) account. What amount of the withdrowal, d. Assume that Alex contributes $10,000 to his traditional 401jk) account this year Also assume that in 30 years. Alex retires (at age marginal tax rate at the time he retires is 24 percent. Ignore any prior or subsequent contributions to his plan. If Aley earns a 6 e. Assume that Alex is 74 years old at the end of the year, retired, and that his marginal tax rate is 24 percent. His account balance in his traditional 401(k) was $1,250,000 at the end of last year What is the minimum distribution Alex must receive from his 401k) account for this year? If Alex receives a $43,000 distribution from his 40xk) account (his only distribution during the year), what amount will he be able to keep after taxes and penalties lif any)? Answer is not complete Complete this question by entering your answers in the tabs below Req A to C Req D Assume that Alex contributes $10,000 to his tradioional 40 cont then year A as sr in 30 years, alex retires (ot age 61) and withdraws the $10,000 contribution made thhs year and all the s generated by the contribution, Also Also assum mrgna lax rate at the time he retires is 24 percent.Iignore any prior or subsequent contributions to his plan. If Alex earns percent annual before-tax rate of return, what are his after-tax proceeds from the distribution? e. Assume that Alex is 74 years old at the end of the year, retired, and that his marginal tax rate is 24 percent. His account ba his traditional 401) was $1,250,000 at the end of last year. What is the minimum distribution Alex must receive from his 40 account for this year? If Alex receives a $43,000 distribution from his 4010) account his only distribution during the year amount will he be able to keep after taxes and penalties (if anyl? Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A to C Req Req E a. Assume that over the past four years, Alex has contributed $45,000 to his 401(k) and his employer has contributed o the plan. The plan has an account balance of $175,000. What is Alex's vested account balance in his 401(k)7 (Do not round any division. Round other intermediate b. Because Alex considers his employer's matching contributions "free contributions. What is the least amount Alex can contribute and still maximize LANL's C. In need of cash to build a home theater, Alex withdrew $30,000 from his traditional 401(k) account. What amount of withdrawal, after taxes and penalties, will Alex have available to complete his project? computations to the nearest whole dollar amount.) money," he wants to maximize the amount of LANLS Show lesS Vested account balance Least amount contributed Afhter-tax proceeds 24,688 2.250 8,600 3 Reg D 3 25 of 25 Hext 88a 8 2 3 4 rom his 4c his traciional aunkj was 34250000 8t the end of last yedr what is the minimurn disti account for this year? If Alex receives a $43,000 distribution from his 401k) account (his only distribution during the year). amount will he be able to keep after taxes and penalties (if anyl? Answer is not complete. Complete this question by entering your answers in the tabs below. Req A to C Req D Req E Assume that Alex contributes $10,000 to his traditional 401(k) account this year. Also assume that in 30 years, Alex retires (at age 61) and withdraws the $10,000 contribution made this year and all the earnings generated by the contribution. Also assume that his marginal tax rate at the time he retires is 24 percent. Ignore any prior or subsequent contributions to his plan. If Alex earns a 6 percent annual before-tax rate of return, what are his after-tax proceeds from the distribution? (Do not round intermediate calculations. Round final answers to the nearest whole dollar amount.) After tax proceeds hom distribution S 43651 C Req A to C C Prev25 of 25 Next 2 3 4 yedl eves $43,00u dlstributioh from his 40rk) account (his only distribution during the yea amount will he be able to keep after taxes and penalties (if any)? Answer is not complete. Complete this question by entering your answers in the tabs below Reg A to C Req D Assume that Alex is 74 years old at the end of the year, retired, and that his marginal tax rate is 24 percent. His account balance in his traditional 401(k) was $1,250,000 at the end of last year. What is the mininum distribution Alex must receive from his 401(k) account for this year? If Alex receives a $43,000 distribution from his 401(k) account (his only distribution during the year), what amount will he be able to keep after taxes and penalties (if any)? Show less Minimum distribution required Atter-tax proceeds C Req D