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Suppose a plan has an integration level of $100,000, and that it provides 5 percent of compensation below the integration level and 10 percent of
Suppose a plan has an integration level of $100,000, and that it provides 5 percent of compensation below the integration level and 10 percent of compensation above the integration level. Using the integrated money-purchase formula, determine the employer's contribution for an employee who earns $110,000.
A. $8.000
B. $7,000
C. $6,000
D. $5,000
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