What is the annual max that the company will contribute

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Reference no: EM133328356

Question: Charlie, Gabe, and Sasha all work for the same company making $78,654 dollars annually. The company will match what they contribute to their 401(k) plans up to 12% of their salary annually $0.25 to the $1.00. Charlie is not contributing anything to their 401(k) plan and using those funds to invest elsewhere. Gabe is contributing $850 dollars a month to their 401(k). Sasha is contributing $200 a month to their 40llk}.

a. What is the annual max that the company will contribute to their workers' 401(k) plans?

b. What is the monthly max that the company will contribute to their workers' 401lk) plans?

c. How much money does the company attribute to Gabe's retirement account monthly?

d. What is the total amount of money Gabe acquire in their retirement account monthly?

e. How much money does the company attribute to Sasha's retirement account annually?

f. What is the total amount of money Sasha's acquire in their retirement account annually?

g. If all workers fall in the 32.5% tax bracket, how much does Charlie pay in taxes?

Reference no: EM133328356

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