Peter and Paula are married. Paula earns $60,000 per year and Peter is currently staying home with the two children. She contributes 10% of her salary to her retirement plan. In addition her employer makes a 4% matching contribution. Peter contributes $6,000 a year to an IRA. What is their total saving rate?

Peter and Paula are married. Paula earns $60,000 per year and Peter is currently staying home with the two children. She contributes 10% of her salary to her retirement plan. In addition her employer makes a 4% matching contribution. Peter contributes $6,000 a year to an IRA. What is their total saving rate?

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter12: Tax Credits And Payments

Section: Chapter Questions

Problem 35P

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