Assume mike adopts a safe harbor 401(k) plan with a 100 percent match up to 4 percent

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Assume mike adopts a safe harbor 401(k) plan with a 100 percent match up to 4 percent and all coaches are eligible and contribute at least 4 percent to the plan.

What is the impact on his tax situation?

How much can he contribute to the SEP for himself?

How does this impact his discretionary cash flow?

What are the advantages of this approach?

What are the disadvantages of this approach?

Related Book For answer-question

Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Posted Date: Jun 03, 2020 05:21 AM

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Assume mike adopts a safe harbor 401(k) plan with a 100 percent match up to 4 percent

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What is the impact on his tax situation Assuming Mike adopts a safe harbor 401k plan with a 100 percent match up to 4 percent and all coaches are eligible and contribute at least 4 percent to the plan ... View the full answer

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