Age Salary Savings Employer Matching John 45 $75,000 9% Employer Matching (100% of first 3% of salary,
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Age Salary Savings Employer Matching John 45 $75,000 9% Employer Matching (100% of first 3% of salary, then 50% of next 2%) Tax Rate 30% Mary 44 $85,000 7% Employer Matching (75%, up to 6%) Car Payment $3,000 Mortgage $25,000 Home Insurance $1,500 Property Taxes $6,000 Student Loan Payment $7,500 Living Expense $55,000 What is John and Mary's Surplus or Deficit?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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