Required information [The following information applies to the questions displayed below.] In 2019, Maggy (34 years old) is an employee of YBU Corp.YBU provides a 401(k) plan for all its employees. 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 (if allowed, YBU contributes until the employee has contributed 30 percent of her salary). (Use Exhibit 13-2) b. Using the same facts in part (a), assume YBU uses six-year graded vesting. What is Maggy's vested account balance when she leaves YBU (exclusive of account earnings)? Vested account balance Required information [The following information applies to the questions displayed below.] In 2019, Maggy (34 years old) is an employee of YBU Corp. YBU provides a 401(k) plan for all its employees. 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 (if allowed, YBU contributes until the employee has contributed 30 percent of her salary)- (Use Exhibit 13-2) c. Maggy wants to maximize YBU's contribution to her 401(k) account in 2019. 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)? Maggy's contribution Required information [The following information applies to the questions displayed below.] In 2019, Maggy (34 years old) is an employee of YBU Corp.YBU provides a 401(k) plan for all its employees. 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 (if allowed, YBU contributes until the employee has contributed 30 percent of her salary). (Use Exhibit 13-2) d. Using the same facts in part (c), assume Maggy is 55 years old rather than 34 years old at the end of the year. How much should Maggy contribute to her 401(k) account? Maggy's contribution Full Years of Service 6-Year Graded 3-Year Cliff 0% 0% 0 20 100 auw N/A NA 80 NA 100 *Percent of emplover contributions no longer subject to forfeiture. Required information [The following information applies to the questions displayed below.] In 2019, Maggy (34 years old) is an employee of YBU Corp.YBU provides a 401(k) plan for all its employees. 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 (if allowed, YBU contributes until the employee has contributed 30 percent of her salary). (Use Exhibit 13-2) b. Using the same facts in part (a), assume YBU uses six-year graded vesting. What is Maggy's vested account balance when she leaves YBU (exclusive of account earnings)? Vested account balance Required information [The following information applies to the questions displayed below.] In 2019, Maggy (34 years old) is an employee of YBU Corp. YBU provides a 401(k) plan for all its employees. 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 (if allowed, YBU contributes until the employee has contributed 30 percent of her salary)- (Use Exhibit 13-2) c. Maggy wants to maximize YBU's contribution to her 401(k) account in 2019. 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)? Maggy's contribution Required information [The following information applies to the questions displayed below.] In 2019, Maggy (34 years old) is an employee of YBU Corp.YBU provides a 401(k) plan for all its employees. 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 (if allowed, YBU contributes until the employee has contributed 30 percent of her salary). (Use Exhibit 13-2) d. Using the same facts in part (c), assume Maggy is 55 years old rather than 34 years old at the end of the year. How much should Maggy contribute to her 401(k) account? Maggy's contribution Full Years of Service 6-Year Graded 3-Year Cliff 0% 0% 0 20 100 auw N/A NA 80 NA 100 *Percent of emplover contributions no longer subject to forfeiture