If a recent college, age 22, starting out earning $48,000 per year has an opportunity to participate in an employer sponsored 401(k) tax sheltered retirement account with the employer matching the first $2,400 of annual contributions made by the employee, compute the following: A. If the individual employee is in the 25% marginal income tax bracket (including federal and state taxes) and invests $2,400 per year into the employer provided 401(k) tax sheltered retirement account, how much with the employees monthly net pay after taxes be reduced as a result of the $200 per month investment into the employer provided 401(k)? $_____________________________ B. How much total per year will be invested into the employees account, if the individual employee invests $2,400 per year and takes full advantage of the matching funds? (Include employees and employers contributions.) $______________________________ C. How much will the employee have in his or her 401(k) account in 20 years if a 10% average annual rate is earned on the account? $______________________________ D. How much will the employee have in the 401(k) account in 30 years if a 10% average annual rate is earned on the account? $______________________________ E. How much will the employee have in the 401(k) account at age 67 if a 10% average annual rate is earned on the account $______________________________