A company pays salary of 75000 to an employee both employer, Ask an Expert

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A company pays salary of $75,000 to an employee. Both employer and employee contribute $7,500 each in qualified retirement plan for the employee. Marginal tax rates for employer and employee are 28% and 15% respectively. What is the total tax savings for both employer and employee combined? What steps to solve this problem in calculator?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91950864

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