How much is her total contribution to the pension

Assignment Help Financial Accounting

Reference no: EM133379690

Question: Sally is a member of a contributory best-earnings defined benefit plan. Assume her pensionable earnings are $95,000 and the YMPE is $61,600. The first contribution rate on amounts up to the YMPE is 7.0%; the second contribution rate on amounts above the YMPE is 8.5%. How much is her total contribution to the pension for that year?

Reference no: EM133379690

Questions Cloud

Do you believe the reclassifications are consistent : Do you believe the reclassifications are consistent with the qualities identified in the conceptual framework? Be specific in your response, and provide

Discuss target channel management procedures : As completely as possible, diagram the value delis network for Target's grocery business, from raw mater to finished consumer goods. Is Target a producer

Think would be useful in sustaining entitlement programs : What are some strategies you think would be useful in sustaining entitlement programs?

What are the benefits of canada lifes life insurance : What are the benefits of Canada Lifes Life insurance. Please provide detailed information. give references for your explanation

How much is her total contribution to the pension : the second contribution rate on amounts above the YMPE is 8.5%. How much is her total contribution to the pension for that year

Compute the earnings per share if return on assets : Compute earnings per share considering the current plan and the two new plans and Compute the earnings per share if return on assets fell to 4.80 percent

What market or segment of a market do you think : What market or segment of a market do you think has unfulfilled needs or wants? How would you, as a budding business expert, meet their needs?

Define the health communication sources : Define the health communication sources and provide an example of each source.

What do you want the customer to feel reading that title : Do your research. Set a table of two columns featuring CHALLENGES and TRENDS from the results you found in your research. Do 5 results for each column.

User Account

All Pages