You are in the 30 tax bracket calculate your employees cost


1. You have accepted a new job with a starting salary of $50,000. You plan to contribute 5% to your company-sponsored 401k Plan – which is the amount that your employer will match. You are in the 30% tax bracket. Calculate your “employee’s cost” for this Year 1 contribution.  

A. Can not be determined.

B. $2,800

C. $4,200

D. $1,750

2. If a bond has an 8 % coupon (annual payments) rate, a 4-year maturity, and similar bonds are selling for an 11 % yield, what is the price of the bond?

A. $1,000.00

B. $ 910.35

C. $ 906.93

D. $ 880.22

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You are in the 30 tax bracket calculate your employees cost
Reference No:- TGS02833072

Expected delivery within 24 Hours