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Principle company sponsors a Profit Sharing plan with a 15% contribution using a standard allocation formula. Scott, the owner, makes $200,000. Cindy, a long-term employee
Principle company sponsors a Profit Sharing plan with a 15% contribution using a standard allocation formula. Scott, the owner, makes $200,000. Cindy, a long-term employee makes $100,000, and Brian a new employee is making $60,000. How much does each employee receive in their profit-sharing account?
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