1.Your employer has promised you a pension of $30,000 per year in retirement. How much money must be invested in the pension fund at retirement in order to fully fund your pension for 15 years if the pension fund earns a 8% return in each year?

2.As a self-employed worker you pay FICA taxes at the rate of 15.3% of your earnings. You earned $57352 this year. How much must you pay as your FICA contribution?