Solution-Which is to be contributed to a plan

Which is to be contributed to a plan

Reference no: EM132703099

Problem 1: An employee works 45 hours (five were overtime hours) during a workweek in October of 2015. The employee earns $45/hour, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $130,050 during the present year. He has requested that his employer withhold 8% of gross pay, which is to be contributed to a 401(k) plan.

Reference no: EM132703099

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Which is to be contributed to a plan

Reference no: EM132703099

Reference no: EM132703099

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