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Required information [The following information applies to the questions displayed below.] In 2022. Maggy (34 years oid) is an employee of YBU Corporated YBU provides

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Required information [The following information applies to the questions displayed below.] In 2022. Maggy (34 years oid) is an employee of YBU Corporated YBU provides a 401(k plan for all its employee According to the terms of the plan, YBU contributes 50 cents for every dollar the employee contributes. The maximum employer contribution under the plan is 15 percent of the emolovees salary (if allowed, YBU contitides intit the employee has contributed 30 percent of her salary) (Use c. Maggy wants to maximize YBU's contribution to her 401(k) account in 2022. How much should Magay contitute to hier 401k) account assuming her annual salary is $100,000 (and assuming she works for YBU for the entire year)? Answer is complete but not entirely correct. EXHIBIT 13-2 Defined Contribution Plans Minimum Vesting Schedules* *Percent of employer contributions no longer subject io jurjo Source: $411(a)

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