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Business, 20.06.2020 19:57 liann8776

Samantha Montgomery (age 42) is employed by Canon Company and is paid a 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?
b. What would be the company's contribution?
c. 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)? Use the Wage- bracket tables in Publication 15.
d. What would be her weekly take-home pay without the retirement contribution deduction?

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Samantha Montgomery (age 42) is employed by Canon Company and is paid a salary of $62,430. She has j...
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