A company contributes 11 of total compensation into profit, Financial Management

+44 141 628 6080
[email protected]

A company contributes 11 of total compensation into profit

A company contributes 11% of total compensation into Profit Sharing Plans on the basis of Age Weighted Plan. It uses 8% as interest factor and pays the following compensation to its three employees: Elizabeth (age 55): $175,000; Santiago (age 41): $125,000 and Jennifer (age 28): $60,000. The retirement age for these employees is 65 years. Calculate employer’s contributions for Jennifer.

A. 6600

B. 1323

C. 30789

D. 7488

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Management: A company contributes 11 of total compensation into profit

Reference No:- TGS01277419

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

How coastlines are vulnerable to multiple climate change

Even though are coastlines are very vulnerable to multiple climate change impacts, the good news is that because most of our urban settlements

Discussion about idea of the tramp stamp

Jane is doing a study about tattoos. She is interested in studying the idea of the "tramp stamp" (a tattoo in the small of a woman's back).

What when people get involved in community and social change

When people get involved in community and social change but do not hold official political positions, which of the terms best describes what they are part of

How are schools important in the struggle for power

Question: How are schools important in the struggle for power and status?

Statement about political systems controlled by men

Multiple Choice Question Identify a true statement about political systems controlled by men. Multiple choice question.

Which are forms of media bias

Question: Which of the following are forms of media bias? (Select all that apply)

Examine gender inequality on a global scale

Question: Examine gender inequality on a global scale, considering how factors such as globalization, colonialism

Request for Solution File

Ask an Expert for Answer!!

Financial Management: A company contributes 11 of total compensation into profit

Reference No:- TGS01277419

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : A wheel of radius 05 m rolls without sliding on a

Q : Amanda is expected to receive full social security

Q : A person who is single is expected to receive a fully

Q : Show your work here and explain how you came up with your

Q : A company contributes 11 of total compensation into profit

Q : Why was the best evidence rule implemented into the us

Q : Jack is single age 65 has made a contribution of 8200 to

Q : Question 1contributors to net income include all of the

Q : Tapley dental supply company has the following data net