Multiple Choice
Your company sponsors a 401(k) plan into which you deposit 8 percent of your $95,000 annual income. Your company matches 65 percent of the first 10 percent of your earnings. You expect the fund to yield 9 percent next year. If you are currently in the 30 percent tax bracket,what is your one-year return?
A) 64.136%
B) 135.518%
C) 182.232%
D) 95.358%
E) 112.135%
Correct Answer:
Verified
Correct Answer:
Verified
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