Example 4-2 Carl Jamison, an employee for the Scharman School, belongs to a...
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Carl Jamison, an employee for the Scharman School, belongs to a taxdeferred retirement plan to which he contributes of his pay which is matched by the school. His biweekly pay is $ Because of the deferral $ $ is subject to federal income tax withholding. form and has a few questions. Answer the following for Montgomery: Round your answer to the nearest cent.
a What is the maximum that she can contribute into this retirement fund?
$
b What would be the company's contribution?
$
Click here to access the WageBracket Method Tables.
$
d What would be her weekly takehome pay without the retirement contribution deduction?
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