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17 July, 12:28

Marta is 52 years of age and expects to retire from her current employer at age 65. Marta's employer contributes $2,000 to a qualified retirement plan for Marta's benefit in the current year. How will Marta's employer treat the contribution?

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  1. 17 July, 14:03
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    Martha's employer can deduct the $2,000 contributed from its income for the current year.

    Current tax law enables employers or employees to deduct their full contribution to qualified retirement plans either for employees or themselves.

    So if Martha herself contributes another amount of money, she can also deduct that amount from her gross income.
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Home » Business » Marta is 52 years of age and expects to retire from her current employer at age 65. Marta's employer contributes $2,000 to a qualified retirement plan for Marta's benefit in the current year. How will Marta's employer treat the contribution?
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