29

docx

School

CUNY Borough of Manhattan Community College *

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Course

330

Subject

Economics

Date

Jan 9, 2024

Type

docx

Pages

1

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Question 29 . 1 out of 1 points Vance has a vested account balance in his employer-sponsored qualified profit- ‘sharing plan of $40,000. He has two years of service with his employer and the plan follows the least generous graduated vesting schedule permitted for a profit-s! PPA 2006. If Vance has an outstanding loan balance within the prior 12 months of the maximum loan Vance could take from this qualified plan, assuming the plan pe: Selected Answer: @ 2. $5.000 Answers: 1. $20,000. © 2. $5,000. 3. 835,000 4. $40,000. = 50000
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