Question
1) If you work for a company that will match $2 for every $2 you contribute to your retirement plan up to 6% of your
1) If you work for a company that will match $2 for every $2 you contribute to your retirement plan up to 6% of your salary of $44,000, what is the maximum amount of free money from the company that you can earn this year?
a) $5,280
b) $2,640
c) $3,960
d) $1,320
2)If you have 13 children and you and your spouse want to maximize the amount you can give to each child each year before you have to pay the gift tax, what would the total gifts be each year?
a) $13,000
b) $26,000
c) $169,000
d) $338,000
3)If you have 13 children and you and your spouse want to maximize the amount you can give to each child each year before you have to pay the gift tax, what would the total gifts be each year?
a) $13,000
b) $26,000
c) $169,000
d) $338,000
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