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Samantha Montgomery (age 42) is employed by Canon Company and is paid an annual salary of $62,430. She has just decided to join the company's

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Samantha Montgomery (age 42) is employed by Canon Company and is paid an annual salary of $62,430. She has just decided to join the company's Simple Retirement Account (IRA form) and has a few questions. Answer the following for Montgomery a. What is the maximum that she can contribute into this retirement fund? 12,500 b. What would be the company's contribution? 1,872.9 Noter For items c. & d. below, round interim amounts to two decimal places. Use theese values in subsequent computations then round final ansvwer to two decimal places c. What would be her weekdy take-home pay with the retirement contribution deducted (married, 2 allowances, wage bracket method, and a 2.3% state income tax on total wages)? Click here to access the Wage-Bracket Method Tables. d. What would be her weekly take-home pay without the retirement contribution deduction? Samantha Montgomery (age 42) is employed by Canon Company and is paid an annual salary of $62,430. She has just decided to join the company's Simple Retirement Account (IRA form) and has a few questions. Answer the following for Montgomery: a. What is the maximum that she can contribute into this retirement fund? 12,500 b. What would be the company's contribution? 1,872.9 Note: For items c. & d. below, round interim amounts to two decimal places. Use these values in subsequent computations then round final answer to two decimal places. . What would be her weekly take-home pay with the retirement contribution deducted (married, 2 allowances, wage-bracket method, and a 2.3% state income tax on total wages)? Click here to access the Wage-Bracket Method Tables 932.57 X d. What would be her weekly take-home pay without the retirement contribution deduction? 1,172.06 x

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