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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

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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. Assuming Matthew's annual salary is $247,000, what can Matthew contribute to his 401(k) account in 2019? QUESTION 6 In 2019, Nina contributes 10 percent of her $100,000 annual salary to her 401(k) account. She expects to earn a 6 percent before-tax rate of return. Assuming she leaves this in the account until she retires in 25 years, what is Nina's after-tax accumulation from her 2019 contributions to her 401(k) account? Assume Nina's marginal tax rate at retirement is 30 percent QUESTION 7 Leslie participates in 1BO's nonqualified deferred compensation plan. For 2019, she is deferring 10 percent of her $290,000 annual salary. Based on her deemed investment choice, Leslie expects to earn a 7 percent before-tax rate of return on her deferred compensation, which she plans to receive in 10 years. Leslie's marginal tax rate in 2019 is 30 percent. Ignore payroll taxes in your analysis. Assuming Leslie's marginal tax rate in 10 years when she receives the distribution is 33 percent what is Leslie's after-tax accumulation on the deferred compensation

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