Please review all of the course materials regarding Financial Markets: Savings and Investment Vehicles before you begin this assignment. You will also need to reference the Tax Cuts and Jobs Act of 2017 The questions below also rely on the following assumptions: You are 30 years old and your employer sponsors a 401(k) plan with a 4% employer match. . You earn $100,000 of gross wage income. This income is expected to stay constant over the next three years. At the start of every year you decide to invest 4% of your salary into your 401(k). . Your expected return on your investments is 5% per year. You file your taxes as a single filer and you are in the 24% tax bracket. The long term capital gains tax is 15%. . . Question 1 4 pts 1. Calculate the total amount of funds that you expect to be in your 401(k) at the end of three years. Explain your answer. 2. At the end of the third year, you decide to withdraw $15,000 from your 401(k) to pay for some home improvements. Calculate how much tax, if any, you will owe on this withdrawal. Explain your answer. HTML Editora BIVA-A- IEEE 1 X X E E STT 12pt Paragraph Question 3 3 pts 3. During this same three year period you also invested in a Roth IRA. At the end of this three year period, your Roth IRA had cumulative contributions of $15,000 and earnings or gains of $5,000. Suppose you decided to fund your home improvements by withdrawing from your Roth IRA instead of your 401(k). Calculate how much tax, if any, would you owe in this withdrawal. Explain your answer. HTML Editora B IV A - A IX E 5 1 XX, E OTTH 12pt Paragraph