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20) Your client has just completed their fourth year with their company, which offers a 100% match on up to 6% of employee elective deferral

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20) Your client has just completed their fourth year with their company, which offers a 100% match on up to 6% of employee elective deferral contributions to the company 401(k) plan. The company uses the 2-to-6 year graduated vesting schedule. Your client has had salaries the past four years as such: Year1=$70,000Year2=$80,000Year3=$90,000Year4=$100,000 Assume the growth on both the EE and ER pontributions is double what was contributed. If your client has put in 6% of their own controbutions each of the four years, what is their total vested balance in this 401(k)/ profit sharing plan? a. $81,600 b. $65,280 c. $57,120 d. $48,960

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