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Accounting. 2. Your employer offers a 401k that you can invest in as an employee ofthe firm. If you put in 3% of your pre-tax

Accounting.

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2. Your employer offers a 401k that you can invest in as an employee ofthe firm. If you put in 3% of your pre-tax income {$44,075} your employer will match 3%. Include the bonus in your total income. a. Assuming you put in the full 3% during your rst year of employment, how much will your take home pay be reduced? In other words, what is the difference between your ta ke-home pay without the 401k contribution {from part 1.b.iy.} and your take-home pay after a 401k contribution? b. If you contribute the 3% to your 401k and your employer matches, how much will you have saved in total in your 401K account for the year {counting your employer contribution and your contribution)

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