A company has two options: (a) Either pay a compensation of $77,000 to an employ
ID: 2727531 • Letter: A
Question
A company has two options: (a) Either pay a compensation of $77,000 to an employee and do not participate in any qualified retirement plan or, (b) pay a compensation of $69,800 and contributes $7,200 in a qualified retirement plan on behalf of the employee. What is total payroll tax advantages in option in option (b) ?
A company has two options: (a) Either pay a compensation of $77,000 to an employee and do not participate in any qualified retirement plan or, (b) pay a compensation of $69,800 and contributes $7,200 in a qualified retirement plan on behalf of the employee. What is total payroll tax advantages in option in option (b) ?
A company has two options: (a) Either pay a compensation of $77,000 to an employee and do not participate in any qualified retirement plan or, (b) pay a compensation of $69,800 and contributes $7,200 in a qualified retirement plan on behalf of the employee. What is total payroll tax advantages in option in option (b) ?
Explanation / Answer
ANS . $1102
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