Mr. Evon, who participates in his corporate employers qualified defined benefits plan, will be entitled to receive
Question:
Mr. Evon, who participates in his corporate employer’s qualified defined benefits plan, will be entitled to receive an annual pension when he retires in five years. What is the maximum contribution that the employer can make to the plan on Mr. Evon’s behalf assuming that:
a. His average compensation for his three highest compensation years is $145,000?
b. His average compensation for his three highest compensation years is $250,000?
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Related Book For
Principles Of Taxation For Business And Investment Planning 2020
ISBN: 9781259969546
23rd Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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