Question: Last year, Jennifer contributed $5,000 to her defined contribution pension plan (DCPP) and her employer matched her contribution dollar-for- dollar. In addition, her employer contributed
Last year, Jennifer contributed $5,000 to her defined contribution pension plan (DCPP) and her employer matched her contribution dollar-for- dollar. In addition, her employer contributed $2,000 on her behalf to a deferred profit sharing plan (DPSP). Calculate Jennifer`s pension adjustment (PA) relating to last year.
$7,000
$12,000
$5,000
$10,000
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