In $2023,$ Maggy $(34$ years old$)$ is an employee of YBU Corporation. YBU provides a $401($k$)$ plan for all its employees. According to the terms of the plan, YBU contributes $50$ cents for every dollar the employee contributes. The maximum employer contribution under the plan is $15$ percent of the employee's salary $($if allowed, YBU contributes until the employee has contributed $30$ percent of her salary$).($Use Exhibit $13-2)$

c$.$ Maggy wants to maximize YBU's contribution to her $401($k$)$ account in $2023.$ How much should Maggy contribute to her $401($k$)$ account assuming her annual salary is $$100,000($and assuming she works for YBU for the entire year$)?$

Maggy's contribution:

d$.$ Maggy wants to maximize YBU's contribution to her $401($k$)$ account in $2023.$ Assume Maggy is $55$ years old rather than $34$ years old at the end of the year.

How much should Maggy contribute to her $401($k$)$ account assuming her annual salary is $$100,000($and assuming she works for YBU for the entire year$)?$

Maggy's contribution: