Find the amount at the end of the second year? pls.?

Question

A man invests $60,000 for 2 years at 14% p.a. compound interest, compounded yearly. Income tax at 15% is deducted at the end of each year. Find the amount at the end of the second year.

Answer 1

Principal $60,000
Interest after first year $8,400
Tax after first year $1,260
Net after first year $67,140
Interest after second year $9,399.60
Tax after second year $1,409.94
Net after second year $75,129.66

Answer 2

60,000*1.14^2*0.85^2 = 56337.66