our company sponsors a 401(k) plan into which you deposit 10 percent of your $123.000...
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our company sponsors a 401(k) plan into which you deposit 10 percent of your $123.000 annual income. Your company matches 75 vercent of the first 10 percent of your eainings. You expect the fund to yield 12 percent next year. Assume you are currently in the 31 bercent tax bracket. What is your annual investment in the 401(k) plan? (Round your answer to the nearest whole number. (e.9., 32)) b. What is your one-year retum? (Round your answer to 3 decimol ploces, (e.9., 32.161)) Answer is complete but not entirely correct
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