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Your company sponsors 401K) plan into which you deposit 12 percent of your $65,000 annual income. Your company matches 50 percent of the first 5

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Your company sponsors 401K) plan into which you deposit 12 percent of your $65,000 annual income. Your company matches 50 percent of the first 5 percent of your earnings. You expect the fund to yield 8 percent next year. Assume you are currently in the 31 percent tax bracket a. What is the total annual investment in the 401(k) plan at year-end? (Round your answer to the nearest whole number (0.9.32)) b. What is your one-year return? (Round your answer to 2 decimal places. (e.9, 32.16) Answer is complete but not entirely correct. Annual investment One-year return 10.218 898

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