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need full answer for this question!!! Rating if its fully correct!!! Transcribed image text problem 13-58 (LO 13.2) (Algo) I-The following information applies to the
need full answer for this question!!! Rating if its fully correct!!!
problem 13-58 (LO 13.2) (Algo) I-The following information applies to the questions displayed below.} Matthew (48 at year-end) develops cutting-edge technology for SV Incorporated. located in Silicon Valley. In 2023, Matthew participates irrSVS money purchase pension plan (a defined contribution plan) and in his company's 401(k) under the money purchase pensicm plan, SV contributes 15 percent Of an employees salary to a retirernent account for the employee up to the amount by the tax law. aecause it provides the money purchase pension plan. SV does not contribute to the employee'S 401(k) plan. Matthew would tike to his contribution to his 401(k) account after SVS contribution to the morH2y purchase plan, Problem 13-58 Part b (Algo) Assuming Matthew's annual Salary iS "44,800, Req What amount SV contribute to Matthew'S money purchase plan? b.2. What can Matthew contribute to his 4011k) account in 2023? Complete this question by entering your answers in the tabs below. What SV contribute to Matthew's money purchase plan?
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