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Required information [ The following information applies to the questions displayed below. ] In 2 0 2 3 , Nina contributes 1 1 percent of

Required information
[The following information applies to the questions displayed below.]
In 2023, Nina contributes 11 percent of her $126,000 annual salary to her 401(k) account. She expects to earn a 10 percent
before-tax rate of return. Assume she leaves the funds in the account until she retires in 25 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 and final answers to the nearest whole dollar amount.
a. Assume Nina's marginal tax rate at retirement is 30 percent.
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