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Required information [The following information applies to the questions displayed below.] In 2022, Nina contributes 12 percent of her $125,000 annual salary to her
Required information [The following information applies to the questions displayed below.] In 2022, Nina contributes 12 percent of her $125,000 annual salary to her 401(k) account. She expects to earn a 5 percent before-tax rate of return. Assuming she leaves this (and any employer contributions) in the account until she retires in 20 years, what is Nina's after-tax accumulation from her 2022 contributions to her 401(k) account? (Use Table 1. Table 2.) 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. After tax proceeds from distribution
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