Burt Simpson, an employee of JoJo, Enterprises participates in his company's money purchase pension plan. The plan

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Burt Simpson, an employee of JoJo, Enterprises participates in his company's money purchase pension plan. The plan specifies an integration level of $10,000 and provides for employer contributions of 10% above the integration level and 20% below the integration level. Burt earns $50,000 this year. How much will JoJo contribute to Burt's account? Explain.