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Required information Problem 13-60 (LO 13-2) (Algo) [The following information applies to the questions displayed below] In 2023, Nina contributes 12 percent of her $125,000

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Required information Problem 13-60 (LO 13-2) (Algo) [The following information applies to the questions displayed below] In 2023, Nina contributes 12 percent of her $125,000 annual salary to ber 401(k) accourt She expects to earn a 5 percent before-tax rate of retum. Assume she leaves the funds in the account unit she retires in 20 years when she receives a distribution of the 2023 contribution and its associated earnings. What would be the after-tax proceeds of the distribution? Note: Round your intermediate calculations ond final answers to the nearest whole dollar amount. Problem 13-60 Part a (Algo) o. Assume Nina's marginal tax rate at retirement is 30 percent

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