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The following details apply to questions 1-9 2052 Tax Brackets Marginal Tax Rate 2022 Tax Brackets Marginal Tax Rate Single Filers $0-$10,700 $10,700-$80,000 $80,000-$455,000 Single

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The following details apply to questions 1-9 2052 Tax Brackets Marginal Tax Rate 2022 Tax Brackets Marginal Tax Rate Single Filers $0-$10,700 $10,700-$80,000 $80,000-$455,000 Single Filers $0-$20,000 $20,000-$80,000 $80,000+ 10% 5% 15% 15% 20% 35% 24% $455,000 Carefully read the following assumptions... The current year is 2022 and you just graduated from college. Congrats! You will earn a regular income of $50,000 in 2022 anda 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. Suppose that you take $5,000 of pre-tax income in 2022 and contribute to a traditional 401k. The funds are fully invested. You then withdraw the full amount of the funds in 2052, paying 5. any necessary taxes. How much will you be able to withdraw from this account in 2052? a. $56,710.56 b. $67,295.77 c. $74,159.96 d. $87,247.01 None of the above. e

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