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In 2021, Nina contributes 6 percent of her $143,000 annual salary to her 401(k) account. She expects to earn a 7 percent before-tax rate of
In 2021, Nina contributes 6 percent of her $143,000 annual salary to her 401(k) account. She expects to earn a 7 percent before-tax rate of return. Assuming she leaves this (and any employer contributions) in the account until she retires in 25 years, what is Ninas after-tax accumulation from her 2021 contributions to her 401(k) account? (Use Table 1, Table 2.)
Required information [The following information applies to the questions displayed below.] In 2021, Nina contributes 6 percent of her $143,000 annual salary to her 401(k) account. She expects to earn a 7 percent before-tax rate of return. Assuming she leaves this (and any employer contributions) in the account until she retires in 25 years, what is Nina's after-tax accumulation from her 2021 contributions to her 401(k) account? (Use Table 1. Table 2) (Round your intermediate calculations and final answers to the nearest whole dollar amount) a. Assume Nina's marginal tax rate at retirement is 30 percent. Future Value of $1 Required information [The following information applies to the questions displayed below] In 2021, Nina contributes 6 percent of her $143,000 annual salary to her 401(k) account. She expects to earn a 7 percent before-tax rate of return. Assuming she leaves this (and any employer contributions) in the account until she retires in 25 years, what is Nina's after-tax accumulation from her 2021 contributions to her 40 th(k) account? (Use Table 1. Table 2.) (Round your intermediate calculations and final answers to the nearest whole dollar amount.) b. Assume Nina's marginal tax rate at retirement is 20 percent. Required information [The following information applies to the questions displayed below] In 2021, Nina contributes 6 percent of her $143,000 annual salary to her 401(k) account. She expects to earn a 7 percent before-tax rate of return. Assuming she leaves this (and any employer contributions) in the account until she retires in 25 years, what is Nina's after-tax accumulation from her 2021 contributions to her 401(k) account? (Use Table.1. Table 2) (Round your intermediate calculations and final answers to the nearest whole dollar amount.) c. Assume Nina's marginal tax rate at retirement is 40 percent Please let me know if you can answer all parts. Thank you!
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