Withdraws initial contribution and earnings


Tina contributed $2,400 after taxes to Roth 401(k); leaves in account until retires in 40 years age 63, which earns annual 8 percent before tax rate; marginal tax rate 30 percent. How much have accumulated after taxes if she withdraws initial contribution and earnings when retires?

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Accounting Basics: Withdraws initial contribution and earnings
Reference No:- TGS053983

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