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An employee makes $120,000 per year and saves 7% of his/her salary in the company's 401-K plan. The company matches 4% of the salary when the employee saves up to 5%. Further, the employee pays $2,000 per year in health insurance premiums for a family health insurance plan from the employer. What will be the W-2 compensation for this employee

Respuesta :

Answer:

the W-2 compensation for this employee is $91,000

Explanation:

The computation of the  W-2 compensation for this employee is given below

= $100,000 × 7%

= $7,000

ANd, there is $2000 per year in health insurance

So,

= $100,000 -$7,000- $2,000

= $91,000

Therefore the W-2 compensation for this employee is $91,000

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