Age John Mary 9.20% 10.20% 11.20% 45 12.20% 44 What is their household Savings Rate? Salary Savings Employer Matching $75,000 9% $85,000 7% Employer Matching (100% of first 3% of salary, then 50% of next 2%) Employer Matching (75%, up to 6%) Tax Rate 30%
Age John Mary 9.20% 10.20% 11.20% 45 12.20% 44 What is their household Savings Rate? Salary Savings Employer Matching $75,000 9% $85,000 7% Employer Matching (100% of first 3% of salary, then 50% of next 2%) Employer Matching (75%, up to 6%) Tax Rate 30%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Pls solve this question correctly instantly in 5 min i will give u 3 like for sure

Transcribed Image Text:Age
John
Mary
Car Payment
Mortgage
Home Insurance
Property Taxes
Student Loan
Payment
Living Expense
45
44
Surplus - $9,510
Deficit - $4,950
Surplus - $5,450
Deficit - $5,450
Surplus - $5,110
Salary Savings
What is John and Mary's Surplus or Deficit?
Deficit- $5,110
$75,000
$85,000 7%
$3,000
$25,000
$1,500
$6,000
$7,500
9%
$55,000
Employer Matching
Employer Matching (100%
of first 3% of salary, then
50% of next 2%)
Employer Matching (75%,
up to 6%)
Tax Rate 30%

Transcribed Image Text:Age
John
Mary
9.20%
Ⓒ10.20%
O 11.20%
45
O 12.20%
44
What is their household Savings Rate?
Salary
$75,000 9%
$85,000
Savings
7%
Employer Matching
Employer Matching (100%
of first 3% of salary, then
50% of next 2%)
Employer Matching (75%,
up to 6%)
Tax Rate 30%
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