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(Solution) - An employer contributes 2 000 annually to a deferred profit sharing plan

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An employer contributes $2,000 annually to a deferred profit-sharing plan on behalf of an employee for 10 years. The plan invests the funds and earns an annual return of 12%. What is the pre-tax annual salary equivalent of such a benefit for an employee who is subject to a marginal tax rate of 40%?


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This question was answered on: Jul 11, 2017

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