Question: You started your traditional 4 0 1 ( K ) retirement account 3 2 - years ago with a one time deposit of $ 1

You started your traditional 401(K) retirement account 32-years ago with a one time deposit of $1,800. The account is now worth $57,231. You are retired and are now required to withdraw some of the money from the account. Below is the current tax situation:
Your current tax bracket (marginal or ordinary tax rate)=28%
Long-term Capital Gains Tax Rate =15%
1. What was the annual rate of growth in the value of your 401(k) account?
2. What are the taxes owed if you withdraw $22,000 of the funds from your 401(k) the account?

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