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please complete all the questions for a like. Thank You If you have ATM fees each month of $10 for 4 years, what is the
please complete all the questions for a like. Thank You
If you have ATM fees each month of $10 for 4 years, what is the total cost of those banking fees? Your Answer: As a self-employed worker you pay FICA taxes at the rate of 15.3% of your earnings. You earned $68936 this year. How much must you pay as your FICA contribution? Your Answer: Prior to retirement you are earning $49000 each year. You estimate that you will need income of at least 75% of your current earnings to maintain your standard of living in retirement. How much income will you need each year in retirement to meet your goal? Your Answer: At age 40, you take a $8,000 hardship withdrawal from your 401(k) for a reason that is not exempt from a penalty. How much is your premature distribution penalty? Your Answer: If you have ATM fees each month of $10 for 4 years, what is the total cost of those banking fees? Your Answer: As a self-employed worker you pay FICA taxes at the rate of 15.3% of your earnings. You earned $68936 this year. How much must you pay as your FICA contribution? Your Answer: Prior to retirement you are earning $49000 each year. You estimate that you will need income of at least 75% of your current earnings to maintain your standard of living in retirement. How much income will you need each year in retirement to meet your goal? Your Answer: At age 40, you take a $8,000 hardship withdrawal from your 401(k) for a reason that is not exempt from a penalty. How much is your premature distribution penalty? YourStep by Step Solution
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