Mathematics, 09.10.2019 14:00 emmacox069
Finance - sheryl and carol work at the same company and make the same salary of $64,000 per year. carol deposits 8% of their salary into their 401k and the company matches 25 cents for every dollar up to 8%. sheryl does not put any money away.
if they are both in the 35% income tax bracket, how much more will sheryl pay than carol, assuming all other factors are equal? (401k plans are not immediately subject to income tax)
Answers: 1
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Finance - sheryl and carol work at the same company and make the same salary of $64,000 per year. ca...
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