Assume the employee does withdraw all of the funds whether you say it is a good...

Assume the employee does withdraw all of the funds whether you say it is a good idea or not: $30,000 contributed by her and $15,000 contributed by the employer. The plan has a 3-7 vesting schedule. Ignoring only ordinary income tax, how much will the employee receive at distribution in each of the following circumstances?

i. The employee is 35 years old, has worked for you for 6 years and is leaving to take another job. She plans on rolling over her distribution to her new employer’s qualified plan immediately.

ii. The employee is 50 years old and in the midst of a mid-life crisis after working for you for 15 years. She quits and plans on taking her distribution to a tropical island where she will live until the money runs out.

iii. The employee has worked for you for the last 10 years but is 63 years old and decides to retire early.

iv. The employee has worked for you forever and never plans to retire. She is 72 years old and has a life expectancy of 15 years (according to the IRS).

Solutions

Expert Solution

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Discuss whether hedge funds are good or bad for the liquidity of markets.

Suppose you deposit $20,000 in a savings account. After 210 days, you withdraw your funds. If...

Suppose you deposit $20,000 in a savings account. After 210 days, you withdraw your funds. If the bank paid you $340 in interest for the 210-day period, what is your APY?

Hedge funds: What they are? What do they do? Does the name actually say much about...

Hedge funds: What they are? What do they do? Does the name actually say much about what they do, why and why not? Why are they not as tightly regulated?

All types of social work assessments are equally good. Answer in 5 full sentences whether you...

All types of social work assessments are equally good. Answer in 5 full sentences whether you Agree or disagree.

What does it mean to say all organisms are identical in the assumptions for the exponential...

What does it mean to say all organisms are identical in the assumptions for the exponential growth model? Does that mean both males and females can reproduce?

Does 20% deposit consider a good consideration? Let say i saw an advertisement on the shop...

Does 20% deposit consider a good consideration? Let say i saw an advertisement on the shop outside, and there is no pice list. I would like to buy a pair of glass in the advertisement from shop, and the owner told me that the glass is worth 1000, but the shop dose now have it right now, and the shop ask me for 20% as a deposit and he said the glass will be available next week. is the 20%...

Assume that a very good Natural Language Processing (NLP) system, called, say, ‘Whitman’ is available. Whitman...

Assume that a very good Natural Language Processing (NLP) system, called, say, ‘Whitman’ is available. Whitman can listen to speech and understand the context 98 to 99% of the time. It has a very complex vocabulary and has mastered the understanding of syntax and idiom. How could this system make a significant difference to the cost of care? How could it bend the cost curve? Give one clearly illustrated example.

Assume that you are training an employee to diagnose and repair a loose wire in an...

Assume that you are training an employee to diagnose and repair a loose wire in an electrical socket. After demonstrating the procedure to follow, you let the trainee show you how to do it. The trainee correctly demonstrates the process and repairs the connection on the first attempt. Has learning occurred? Justify your answer.

Determine whether or not each of the following activities is included in GDP. If you say...

Determine whether or not each of the following activities is included in GDP. If you say “included”, identify which expd. component of GDP it would fall under. If you say “not included”, explain why not. The government sends out social-security checks to some households. In the spring, some people repaint their own homes. Traders in financial markets trade millions of dollars’ worth of stocks & bonds. Financial brokers earn millions of dollars of fees every year.

How important a role does perception play in determining whether an employee is receiving equitable treatment?

How important a role does perception play in determining whether an employee is receiving equitable treatment? What kinds of things might a manager do to influence those perceptions?

Subjects