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You started your 401(K) account 30-years ago with a deposit of $2,500. The account is now worth $57,231. You are retired and are now required

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You started your 401(K) account 30-years ago with a deposit of $2,500. The account is now worth $57,231. You are retired and are now required to withdraw some of the money from the account. Below is the current tax situation: Your tax bracket = 33% Long-term Capital Gains Tax Rate -15% 1. What was the annual rate of growth in the value of your 401(k) account? 2. What are the taxes owed if you withdraw $18,000 of the funds from your 401(k) the account? 11.0% Growth rate: $5,940 in taxes owed 12.00% Growth Rate: $5.940 in taxes owed 11.0% Growth rate: $2,700 in taxes owed 12% Growth Rate: 2.700 in taxes Owed

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