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The following details apply to questions 1-9. 2022 Tax Brackets 2052 Tax Brackets Marginal Tax Rate Single Filers Marginal Tax Rate Single Filers 10% $0

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The following details apply to questions 1-9. 2022 Tax Brackets 2052 Tax Brackets Marginal Tax Rate Single Filers Marginal Tax Rate Single Filers 10% $0 - $10,700 5% $0 - $20,000 $10,700 - $80,000 15% $20,000 - $80,000 20% $80,000 - $455,000 35% $80,000+ 24% $455,000+ Carefully read the following assumptions... 15% The current year is 2022 and you just graduated from college. Congrats! You will earn a regular income of $50,000 in 2022 and a regular income of $200,000 in 2052. Assume that the income tax rates posted above apply for single filers. These tax rates are the only income taxes that anyone pays and there are no "deductions available. You never get married. Everyone pays a flat capital gains tax rate of 15%. Finally, assume that the US stock market earns an average nominal return of 10% per year, compounded annually. You always earn the full 10% because you make smart Investment choices. Inflation rates are ignored. 6. Assume that you take $5,000 of your pre-tax income this year (2022) and contribute it into a Roth 401k. How much money will be contributed into the Roth 401k this year? a. $3,750 b. $4,000 c. $4,250 d. $4,500 e. None of the above

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