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How much is linda required to contribute to pension

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Reference no: EM132625857

Question 1: Linda is a member of the contributiory, best earning, defined benefit pension plan. The basic employee contribution rates for this plan are 6% for earnings up to the year's maximum pensionable earnings(YMPE) and 7.5% for earnings above the YMPE. If Linda earned $58000and the YMPE is $53,600, how much is Linda required to contribute to her pension plan this year?

a) $ 2,832

b) $3,480

c) $3,546

d) $ 4,350

Reference no: EM132625857

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