Answered: An employee makes $115,000 per year and…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An employee makes $115,000 per year and saves 7% of his/her salary in the company's 401- K plan. The company matches 4% of the salary when the employee saves up to 5%. Further, the employee pays $2,000 per year in health insurance premiums for a family health insurance plan from the employer. What will be the W-2 compensation for this employee? $115,000 $109,550 O $109,600 O $104,950 O $100,350

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An employee makes $115,000 per year and saves 7% of his/her salary in the company's 401-
K plan. The company matches 4% of the salary when the employee saves up to 5%.
1
Further, the employee pays $2,000 per year in health insurance premiums for a family health
insurance plan from the employer.
What will be the W-2 compensation for this employee?
O $115,000
O $109,550
O $109,600
O $104,950
O $100,350

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