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Lisa belongs to a defined contribution pension plan where employee contributions are set at 7% of their salary and employee contributions are matched by
Lisa belongs to a defined contribution pension plan where employee contributions are set at 7% of their salary and employee contributions are matched by the employer. If she earns a basic salary of $200,000 and the money purchase limit for the year is $30,780, what is the MAXIMUM amount Lisa can contribute to the pension plan?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
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