You estimate annual earned income from your employer at $60,500 plus a $2,000 bonus.
You estimate annual earned income from your employer at $60,500 plus a
$2,000 bonus. In addition, you project $100 in interest and $500 in ordinary
dividends. The maximum your employer will contribute to your traditional 401(k)
the plan is 50 cents for each dollar you contribute up to a maximum employer
contribution of 3% of your annual earned income.
Personal Goal: Save 15% of your annual earned income. Determine for each of two
Scenarios your after-tax contribution (out-of-pocket cost) to save that 15%.
it has 25 questions I got about half done. The problem is I missed the lesson in class so I have no idea how to work through it.
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