On January 1 of year 1, Arthur and Aretha Franklin purchased a home for $1.80 million by paying 250.000 down and borrowing the remaining $1.55 million with a 4.8 percent loan secured by the home. The Franklins paid interest only on the loan for year 1 and year 2 (unless stated otherwise). (Enter your answers in dollars and not in millions of dollars. Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) hat is the amount of interest expense the Franklins may deduct in year 2 assuming year 1 is 2017? eductible interest expense In 2018, Nina contributes 12 percent of her $72.000 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 30 years, what is Nina's after-tax accumulation from her 2018 contributions to her 401(k) account? (Use Table 3. Table 4) (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 After tax proceeds from distribution 9 459