Solved: Contribution to employee retirement savings plan, HR Management

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Contribution to employee retirement savings plan

Problem:

Corporate Employer made a $8,300 cash contribution to employee's retirement savings plan. Employee is fully vested in plan. Describe the tax consequences of the contribution to the employee and the corporate employer if the plan is a qualified defined-contribution plan and the plan is a non-qualified savings plan.

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HR Management: Contribution to employee retirement savings plan

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