Lisa belongs to a defined contribution pension plan where employee contributions are set at 7% of...
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Lisa belongs to a defined contribution pension plan where employee contributions are set at 7% of their salary and employee contributions are matched by the employer. If she earns a basic salary of $200,000 and the money purchase limit for the year is $30,780, what is the MAXIMUM amount Lisa can contribute to the pension plan? Lisa belongs to a defined contribution pension plan where employee contributions are set at 7% of their salary and employee contributions are matched by the employer. If she earns a basic salary of $200,000 and the money purchase limit for the year is $30,780, what is the MAXIMUM amount Lisa can contribute to the pension plan?
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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