Question: Hi need help with 3,4,5,6 please do not copy and paste answers from another assignemt read EE# Employee Ownership Age Tenure 1 Jesse 60% 48
Hi need help with 3,4,5,6
EE# Employee Ownership Age Tenure 1 Jesse 60% 48 20 years Salary Deferral $200,000 $10,000 $150,000 $15,000 $75,000 $5,250 2 Skyler 30% 49 20 years 3 Walter 6% 33 15 years 4 Marie 4% 42 10 years $85,000 SO 5 Hank 0% 58 8 years $60,000 $4,500 6 Lydia 0% 29 6 years $0 7 Jane 0% 53 4 years $0 $75,000 $50,000 $60,000 $24,000 8 Hector 0% 19 $0 2 years 8 months 9 Gale 0% 25 $0 10 Gus 0% 19 6 months $18,000 SO 3. What is the most that Bubbles could contribute to the profit-sharing plan for the current year assuming the salary deferrals stay constant? 4. What is the actual deferral percentage for the highly compensated employees? 5. What is the actual deferral percentage for the non-highly compensated employees? 6. Does the plan pass the ADP test? Why or why not what can the company do if the plan does not pass the tes
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