Answer:
Given
Company Contribution =$0.50 per $1 contribution from Linda
maximum contribution =5% of Compensation =5%*100000=$5000 Eq 1
If Linda Contribute $3000 then company contribution =Minimum of ( 0.5*3000,5000)=$1500
If Linda Contribute $5000 then company contribution =Minimum of ( 0.5*5000,5000)=$2500
If Linda Contribute $15500 then company contribution = Minimum of ( 0.5*15500,5000) =$5000
QUESTION 4 Linda participates in a matching 401(k) plan and earns $100,000. The company matches $0.50 per $1 she contri...
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