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Ch 12 & 13 HW A Seved Help Save & Exit Submit Check my work 17 Part 1 of 3 Required information Matthew (48 at
Ch 12 & 13 HW A Seved Help Save & Exit Submit Check my work 17 Part 1 of 3 Required information Matthew (48 at year-end) develops cutting-edge technology for SV Inc., located in Silicon Valley. In 2019, Matthew participates in SV's money purchase pension plan (a defined contribution plan) and in his company's 401(k) plan. Under the money purchase pension plan, SV contributes 15 percent of an employee's salary to a retirement account for the employee up to the amount limited by the tax code. Because it provides the money purchase pension plan, SV does not contribute to the employee's 401(k) plan. Matthew would like to maximize his contribution to his 401(k) account after SV's contribution to the money purchase plan. (Leave no answer blank. Enter zero if applicable.) 0.43 points Skipped eBook Assuming Matthew's annual salary is $400,000, Print References a-1. What amount will SV contribute to Matthew's money purchase plan? a-2. What can Matthew contribute to his 401(k) account in 2019? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Req a1 Req a2 What amount will SV contribute to Matthew's money purchase plan? SV's contribution to money purchase plan Assuming Matthew's annual salary is $240,000, b-1. What amount will SV contribute to Matthew's money purchase plan? b-2. What can Matthew contribute to his 401(k) account in 2019? Complete this question by entering your answers in the tabs below. Req bi Req b2 What can Matthew contribute to his 401(k) account in 2019? Matthew's contribution to 401(k) account Req b1 Req b2 Assuming Matthew's annual salary is $60,000, C-1. What amount will SV contribute to Matthew's money purchase plan? C-2. What amount can Matthew contribute to his 401(k) account in 2019? Complete this question by entering your answers in the tabs below. Req c1 Req c2 What amount will SV contribute to Matthew's money purchase plan? SV's contribution to money purchase plan Assuming Matthew's annual salary is $60,000, C-1. What amount will SV contribute to Matthew's money purchase plan? C-2. What amount can Matthew contribute to his 401(k) account in 2019? Complete this question by entering your answers in the tabs below. Req c1 Req c2 What amount can Matthew contribute to his 401(k) account in 2019? Matthew's contribution to 401(k) account
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