Question
Please help In 2020, Nancy contributes 10 percent of her $100,000 annual salary to her 401(k) account. She expects to earn a 7 percent before-tax
Please help
In 2020, Nancy contributes 10 percent of her $100,000 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 Nancys after-tax accumulation from her 2020 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 Nancys marginal tax rate at retirement is 30 percent.
After-tax proceed from distribution _____________
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