please help, please show your work your formular 1. Mr. JCT is working...
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please help, please show your work your formular
1. Mr. JCT is working a company providing 401(k) retirement plan. He contributed $6,000 to the plan this year. The company's retirement plan is to match 2.5% of its employees' contributions. JCT's annual salary is $50,000. What is Mr. JCT's savings rate this year? 2. As a financial planner, based on the following information given by your client. - Annual Savings to IRA - $5,000 - Investment Balance (beginning of the year) - $122,000 - Net Worth (beginning of the year) - $800,000 - IRA Balance (beginning of the year) - $65,000 - Investment Balance (end of the year) - $72,000 - Net Worth (end of the year) - $1,070,000 - IRA Balance (end of the year) - $92,000 Calculate the following ratios, and comment on if they are within the normal range. a. The return on investments ratio = ? b. The return on the IRA ratio = ? c. The return on net worth ratio =
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