Required information Problem 13-60 (LO 13-2) (Algo) [The following information applies to the questions displayed...
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Accounting


Required information Problem 13-60 (LO 13-2) (Algo) [The following information applies to the questions displayed below.] In 2023, Nina contributes 10 percent of her $135,000 annual salary to her 401(k) account. She expects to earn a 8 percent before-tax rate of return. Assume she leaves the funds in the account until she retires in 25 years when she receives a distribution of the 2023 contribution and its associated earnings. What would be the after-tax proceeds of the distribution? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Problem 13-60 Part a (Algo) a. Assume Nina's marginal tax rate at retirement is 30 percent. b. Assume Nina's marginal tax rate at retirement is 20 percent. c. Assume Nina's marginal tax rate at retirement is 40 percent
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