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Required information The following information applies to the curestions displayed below] Motthew (48 at year-end) develops cutting-edge technology for 5V incorporated, located in Silicon Valley.

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Required information The following information applies to the curestions displayed below] Motthew (48 at year-end) develops cutting-edge technology for 5V incorporated, located in Silicon Valley. In 2023. Motthew participates in SV's money purchase pension plan (o defived contribution plan) and in his compsmy's 401(k) plen Under the money purchase perision plan, SV contributes 15 percent of an employee's salary to o retirement account for the employee up to the amount limited by the tox low Because it provides the money purchose pension plan, 5V does not conthibute to the employee's 40100 plon Morthew would like to maximize his contr bution to his 401(x) occount ofter 5V 's contribution to the money purchose plan Assuming Mathew's annual salary is $393000. Required: a-1. What emount wilt SV contrbute to Mathews money purchase pian? a-2. What con Motthew contribute to his 40k ) account in 2023

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