Question: Example 4 - 2 Carl Jamison, an employee for the Scharman School, belongs to a tax - deferred retirement plan to which he contributes 3

Example 4-2
Carl Jamison, an employee for the Scharman School, belongs to a tax-deferred retirement plan to which he contributes 3% of his pay which is matched by the school. His biweekly pay is $2,500. Because of the deferral )=($75, $2,425 is subject to federal income tax withholding. form) and has a few questions. Answer the following for Montgomery: Round your answer to the nearest cent.
a. What is the maximum that she can contribute into this retirement fund?
$
b. What would be the company's contribution?
$
Click here to access the Wage-Bracket Method Tables.
$
d. What would be her weekly take-home pay without the retirement contribution deduction?
Example 4-2 Carl Jamison, an employee for the Scharman School, belongs

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