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If an individual employee age 25 earning $45,000 per year has an opportunity to par 45,000 per year has an opportunity to participate in an

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If an individual employee age 25 earning $45,000 per year has an opportunity to par 45,000 per year has an opportunity to participate in an Proyer 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 and invests $2,400 per year into the employer provided 401(k) tax sheltered retirement account, how much will the employee's monthly net pay after taxes be reduced as a result of the $2,400 investment into the 401(k) account? B. How much total per year will be invested into the employee's account, if the individual employee invests $2,400 per year and takes full advantage of the matching funds? (Include the employee's and employer's contribution) C. How much will the employee have in his or her 401(k) account in 20 years if a 9% 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 9% average annual rate is earned on the account? E. How much will the employee have in the 401(k) account at age 65 if a 9% average annual rate is earned on the account

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