Qualified Retirement Plans (to 9.7) In 2022, Kwon Ah Bo is an employee at Sungsam Industries. Kwon is poid wages of $50,000 and is also a participant in the Sungsam 401(k) plan. Kwon contributes 5 percent of her salary to the 401(k) and Sungsam matches the first 3 pereent of employee contributions. a. Describe how Kwon will be taxed on her 6 percent contribution to the 401(k) plan in 2022. Kwon will contribute s to a qualified plan and thus pay tax on that amount currentiy. b. Describe how Kwon will be taxed on the 3 percent match provided by Kwons empiover and contributed to the 401K plan. Kwon be taxed currently on the emplover match of 1 -Note that total emplavee and employer contributions the 2022 maximum of $20,500 for 401(k) plan contributions. c. Compute the amount of wages subject to (i) income tax and (i) Hica toxes. d. Describe how Kwon will be taxed on withdrawais from the 401(k) assuming she reaches the age of 59V2. Distributions from the 401(k) plan to Kwon at age 59y or later: taxed as ortinary income when distributed whecher from employe or employer coptributions or from the earnings of the plan