annual income is $54,000 so tax rate is 35%

also for question 6c... $135.00* 24 wks= $3240 per yr contribution to 401k by only me

= 3240240 (! + 072712:40) = #=129,600(1+.00L) 480 = AF 129,600 - 17.006) 480 = A= 129,000 of 1,006) 480 = A=129,600 (482,88) $625,812,48 Total 6) The downside of a 401(k) is that you must pay taxes when you withdraw your money from the account. The entire amount is taxable income. How much will you have to pay in taxes? a. b. What is your remaining amount to use for retirement