Question
Omar is an employee of Tut, Inc. Tut has a traditional 401(k) plan with a 6-year graded vesting schedule. Omar worked for Tut for 3
Omar is an employee of Tut, Inc. Tut has a traditional 401(k) plan with a 6-year graded vesting schedule. Omar worked for Tut for 3 years and 3 months and is now leaving the company. Over the years, Omar contributed $4,500 to his 401(k) plan and Tut contributed $3,100. The plan is now worth $9,800. How much of this is vested for Omar?
$5,803
$3,920
$6,620
$7,402
$9,800
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
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