Question
Dillon contributes 8% of his 80,000 salary to a traditional 401(k). his employer, abc corp, matches 50% of his contributions up to 10% of his
Dillon contributes 8% of his 80,000 salary to a traditional 401(k).
his employer, abc corp, matches 50% of his contributions up to 10% of his contribution.
his average tax rate is 14% and his marginal tax rate is 25%.
how much is the total contribution to his 401(k)? include both his and the company's contribution and how much would he save in taxes in the year of his contribution?
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Forecasting Volatility In The Financial Markets
Authors: Stephen Satchell, John Knight
2nd Edition
0750655151, 9780750655156
