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Your employer offers a defined contribution plan with a 5 0 % - match of up to 6 % of your contributions. They use a

Your employer offers a defined contribution plan with a 50%- match of up to 6% of your contributions. They use a six-year graduated vesting schedule outlined in Exhibit 4.2 of your textbook.
(a) You decide to contribute (or defer your compensation)4% of your $60,000 annual salary. What will the total employee and employer nonforfeitable contributions be at your 4 year employment anniversary?
(b) You decide to contribute (or defer your compensation)8% of your $60,000 annual salary. What will the total employee and employer nonforfeitable contributions be at your 4 year employment anniversary?
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