1. Annual wage: $54,500. If to contribute to company 401(k) plan per biweekly paycheck. What is...
1. Annual wage: $54,500. If to contribute to company 401(k) plan per biweekly paycheck. What is the effect of the pre-tax deduction regarding the contributions listed below,
a) $50 per paycheck
b) 5% per paycheck
Which option is better?
Homework Answers
IN THE GIVEN OPTIONS $50 PER PAY AND 5%PER PAY OUT OF WHICH 5% PER PAY IS MORE BETTER AS IT SAVES MORE TAX PAYABLE..
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1. Annual wage: $54,500. If to contribute to company 401(k) plan
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Please solve a - c
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Ms. Jost participates in her employer's Section 401(k) plan, which obligates the employer to contribute 25 cents for every dollar that an employee elects to contribute to the plan. This year, Ms. Jost's salary is $110,000, and she elects to contribute the maximum to her Section 401(k) account. a. How much of Ms. Jost's salary is taxable this year? b. Compute the total contribution to Ms. Jost's plan. c. Compute the employer's deduction for compensation paid to Ms. Jost Complete...
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Your company sponsors a 401(k) plan into which you deposit 10 percent of your $131,000 annual income. Your company matches 75 percent of the first 10 percent of your earnings. You expect the fund to yield 12 percent next year. Assume you are currently in the 31 percent tax bracket. a. What is your annual investment in the 401(k) plan? b. What is your one-year return? a. Annual investment $ 25676 b. One-year return 19496 ОА. $ 27676 a. Annual...
Please solve a - c
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