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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
george clausen (age 48) is employed by Kline Company and is paid a salary of $42,640. He has just decided to join the company's Simple Retirement Account (IRA form) and has a few questions.
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A) What is the maximum that he can contribute into this retirement fund?
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B) What would be the company's contribution?
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C) What would be the weekly take home pay with the retirement contribution deducted (married, 2 allowances, wage bracket method, and 2.3% state income tax on total?
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D) What would be his weekly take home pay without the retirement contribution deducted?
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