Question: 16. If you start saving $5,000 per year in 10 years from now, and then save that amount for the next 30 years earning the

16. If you start saving $5,000 per year in 10 years

16. If you start saving $5,000 per year in 10 years from now, and then save that amount for the next 30 years earning the same 8% from the previous question, how much will you end up with in 40 years? 17. Combined social security and Medicare tax (FICA) take how much from your gross pay before you contribute to retirement pay, income tax, etc

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