Question
Last year, Ross contributed $5000 to his defined contribution pension plan (DCPP) and his employer gave 10 cents for every dollar that Ross contributed. In
Last year, Ross contributed $5000 to his defined contribution pension plan (DCPP) and his employer gave 10 cents for every dollar that Ross contributed. In addition, his employer contributed $2000 on his behalf to a deferred profit-sharing plan (PSP). What was the amount of Ross's pension adjustment relating to last year?
O $7500
0 $7000
O $9500
$5000
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
