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Required Information [The following information applies to the questions displayed below] In 2022, Maggy (34 years old) 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 old) is an employee of YBU Corporated YBU provides a 401(k ) plan for all its empioyees. 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 employee's salary (f allowed, YBU contributes until the employee has contributed 30 percent of her salary). (Use Exhibit 13-2) Maggy worked for YBU Corporation for 31/2 years before deciding to leave effective July 1, 2022. Maggy's annual salary during this Ime was $45,000,$52,000,$55,000, and $60,000 (she only received half of her $60,0002022 salary). Assuming Maggy contributed percent of her salary (Including her 2022 salary) to her 401(k) account, what is Maggy's vested account balance when she leaves 'BU (exclusive of account earnings)? Assume YBU uses three-year cliff vesting. b. Maggy worked for YBU Corporation for 31/2 years before deciding to leave effective July 1, 2022 Maggy's annual salary durting this time was $45,000,$52,000,$55,000, and $60,000 (she only recelved half of her $60,0002022 salary). Maggy contributed 8 percent of her salary (including her 2022 salary) to her 401(k) account. YBU uses six-year graded vesting. What is Maggy's vested account balance when she leaves YBU (exclusive of account earnings)? c. Maggy wants to maximize YBU's contribution to her 401(k) account in 2022 . How much should Maggy contribute to her 401(k) account assuming her annual salary is $100,000 (and assuming she works for YBU for the entire year)

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