Frank, Fred, Melanie and Daphne are all new hires at RealAI They each have a starting salary of $ 6 0 , 0 0 0 Frank is investing 1 0 of his salary through the company 's 4 0 1 k Fred is investing 1 0 of his salary through the company 's Roth 4 0 1 k , Melanie is investing 1 0 of her salary through ...

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Frank, Fred, Melanie and Daphne are all new hires at RealAI. They each have a starting salary

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Question:

Frank, Fred, Melanie and Daphne are all new hires at RealAI. They each have a starting salary of $

60, 000 .

Frank is investing

10 %

of his salary through the company's

401

.

Fred is investing

10 %

of his salary through the company's Roth

401

,

Melanie is investing

10 %

of her salary through an IRA,

Daphne is investing

10 %

of her salary through a Roth IRA.

Who's take

-

home pay is the smallest?

.

Daphne

.

Fred

.

Frank

.

Melanie

Posted Date: May 18, 2024 01:16 PM

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Frank, Fred, Melanie and Daphne are all new hires at RealAI. They each have a starting salary

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