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Question 1: The Safemore Company has 3 employees. Assume it has an age-based profit-sharing plan. a) The employees are listed below, along with covered compensation.

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Question 1: The Safemore Company has 3 employees. Assume it has an age-based profit-sharing plan. a) The employees are listed below, along with covered compensation. Assume that the interest rate used to calculate the PV is 8.5%/ year. Assume that the PV calculation is based on a normal retirement age of 65 . The owner, employee A, wants the total dollar contribution to his plan to be the maximum for 2022,$61,000, with 8.5%/ vear? (10nts) Question 1: The Safemore Company has 3 employees. Assume it has an age-based profit-sharing plan. a) The employees are listed below, along with covered compensation. Assume that the interest rate used to calculate the PV is 8.5%/ year. Assume that the PV calculation is based on a normal retirement age of 65 . The owner, employee A, wants the total dollar contribution to his plan to be the maximum for 2022,$61,000, with 8.5%/ vear? (10nts)

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