Determine the benefit pension plan

Assignment Help Finance Basics
Reference no: EM132932908

Mia's income is $35,000 for last year and $36,000 for this year. The money purchase limit is $23,820 for last year and $24,270 for this year. For both years, PA adjustment works out to 16.2857% of her salary. Her employer contributed 7% to the defined benefit pension plan on her behalf and Mia contributed an equal amount. Mia can contribute how much to her RRSP this year?

Reference no: EM132932908

Questions Cloud

Explain interest savings-loss : You need to borrow $ 500,000 in 60 days time for a period of 120 days and the following Spot rates are given: MaturitySpot Rate60 days 5.00%120 days 5.20%180 da
What is the cost of the loan : AA Cruise Lines has negotiated a 60 day $ 5 MM line of credit with a bank that has a 0.5% annual commitment fee on the unused portion of the line.
What is the ear charged by finance factoring : The Finance Factoring Company is willing to lend you to 90% of the face value of your A/R which are currently worth $ 111,111.11 at 9% annual interest and a 2%
What is the ear charged by finance factoring : The Finance Factoring Company is willing to lend you to 90% of the face value of your A/R which are currently worth $ 111,111.11 at 9% annual interest and a 2%
Determine the benefit pension plan : Mia's income is $35,000 for last year and $36,000 for this year. The money purchase limit is $23,820 for last year and $24,270 for this year. For both years, PA
What is the internal rate of return? of this? opportunity : Suppose you invest $2,000 today and receive $10,000 in five years. What is the internal rate of return? (IRR) of this? opportunity
Monthly payment for mobile dream home : You want to buy a mobile home for $52,350 and dealership offers you a 8.6% APR loan for 5 years. What will be the monthly payment for your mobile dream home?
How many units should bandy produce in february : On January 1, Bandy Manufacturing plans to introduce a product called Handy Dandy. How many units should Bandy produce in February
How much money will you have in the savings account : You are able to deposit $200 each month monthly into a savings account that pays 11% annual interest compounded. How much money will you have in the savings acc

Reviews

Write a Review

Finance Basics Questions & Answers

  Bond annual coupon rate-wonka candy company

Wonka Candy Company has an issue of $1,000 par value bonds that pay interest quarterly. The issue has 5 years remaining to the maturity date.

  What is the internal rate of return on an investment

What is the internal rate of return on an investment with the following cash flows?

  How much of the assets are financed with equity

Debt Management Ratios Tierre's Ts, Inc. reported a debt to equity ratio of 3.2 times at the end of 2008. If the firm's total assets at year-end were $15.2.

  What is the company target debt-equity ratio

The company's cost of equity is 17.5 percent, and its pretax cost of debt is 8.5 percent. The tax rate is 32 percent. What is the company's target debt-equity r

  Bond yield is interpreted as the earnings rate on a bond

Bond yield is interpreted as the earnings rate on a bond. So, in what way is yield to call also an earning rate on a bond?

  Give one example of a fixed cost for tasty break

1. Give one example of a fixed cost for 'Tasty Break' and one variable cost.

  What effect do you think these changes will have on behavior

Austins marginal tax rate is 35 percent, and he itemizes his tax deductions. How much is a $500 deducdon worth to him? How much is a $500 tax credit worth.

  Which product should select using net present value analysis

Payne Medical Labs is evaluating two new products to introduce into the marketplace. Product 1 (a new form of plaster cast) is relatively low in risk.

  How will her net worth be affected

Anna has just received a gift of $500 for her graduation, which increased her net worth by $500. If she uses the money to purchase a video player how will her net worth be affected. If she invests the $500 at 10% interest per year, what will it ..

  Write a memo to the ceo making the case

Please write a memo to the CEO making the case why this should be the first and arguably the most important question that is asked, and present a plan to train all of your loan officers on getting this information.

  Expected rate of return on bond

If you expect to sell the bond after 1 year for a price of $850, what is your expected rate of return on this bond?

  What will be the effect on the level of checkable deposits

If a bank buys $70 million of bonds fromthe Fed and also borrows $100 million fromthe discount window, what will be the effect on the level of checkable deposits?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd