your company sponsors a 401(k) plan into which you deposit 8 percent of your annual income. your company matches 50 percent of the first 3 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 toral annual investment in the 401(k) plan at year end

b. what is your annual rate of return (considering tax savings)

Your company sponsors a 401(k) plan into which you deposit 8 percent of your $65,000 annual income. Your company matches 50 percent of the first 3 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? b. What is your annual rate of return (considering tax savings)