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An employee is considering two job offers. First offer: $57,000 yearly salary with a 9% matching 401k Second offer: $63,000 yearly salary with a
An employee is considering two job offers. First offer: $57,000 yearly salary with a 9% matching 401k Second offer: $63,000 yearly salary with a 5% matching 401k The employee plans to stay at either job for at least 4 years, assumes there are no salary increases, and will make 401k contributions at the same rate the company matches. After 4 years, the total value of the first offer, including gross income and total 401k contributions, is $279,120. Which job has the better overall pay structure, and by how much?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
