8.) You are trying to sell the CEO of a small company on the benefits of starting a qualified retirement plan. The company has 5 employees who each make $50,000 per year and the CEO who makes $100,000 per year. If the CEO decides to open a money purchase pension plan and contribute 8% to it instead of giving pay raises, how much will the company and employees save in payroll taxes? a.) $19,125 b.) $26,775 c.) $38,250 d.) $53,550 e.) Some other amount enter amount here