Jason works at XYZ company. XYZ company offers their employees a 401k matching contribution of 5% and

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Jason works at XYZ company. XYZ company offers their employees a 401k matching contribution of 5% and a vesting period of 2 years. Jason has a yearly salary of $80,000 and decided to have the following contributions to his 401k:

Year 1 - 4% of his pre-tax salary.
Year 2 - 5% of his pre-tax salary.
Year 3 - 7% of his pre-tax salary.

After 3 years Jason decides to switch jobs. Assuming the market return is 0, what would be Jason's 401k balance transfer to the new company?

Related Book For answer-question

Taxation Of Individuals And Business Entities 2021

ISBN: 9781260247138

12th Edition

Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham

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Posted Date: Dec 26, 2023 02:46 AM

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Jason works at XYZ company. XYZ company offers their employees a 401k matching contribution of 5% and

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Taxation Of Individuals And Business Entities 2021

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