Question: The John Steere Company had a payroll expense of $832,000 for its 26 employees and made $500,000 in profit. The company also has a DPSP.

The John Steere Company had a payroll expense of $832,000 for its 26 employees and made $500,000 in profit. The company also has a DPSP. What is the minimum acceptable contribution the company may be required to make to its DPSP?  
 

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