Problem 14-6 (LO14.2) Ruby is 25 and has a good job at a biotechnology company. She currently has $10,200 in an IRA, an important part of her retirement nest egg. She believes her IRA will grow at an annual rate of 9 percent, and she plans to leave it untouched until she retires at age 65. Ruby estimates that she will need $875,000 in her total retirement nest egg by the time she is 65 in order to have retirement income of $20,000 a year (she expects that Social Security will pay her an additional $15,000 a year) a. How much will Ruby's IRA be worth when she needs to start withdrawing money from it when she retires? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to the nearest whole dollar.) Future value of IRA b. How much money will she have to accumulate in her company's 401(k) plan over the next 40 years in order to reach her retirement income goal? (Round your answer to the nearest whole dollar) Required future value of 401(k) Problem 14-10 (LO14.4) In 2014, Joshua gave $13,300 worth of Microsoft stock to his son. In 2015, the Microsoft shares are worth $22,000 What is the total amount removed from Joshua's estate in 2015 Total amount removed Problem 14-11 (LO14.4) In 2014, Joshua gave $12,100 worth of Microsoft stock to his son. In 2015, the Microsoft shares are worth $20,500 What will be the gift tax in 2015? Gift tax