# Matthew (48 at year-end) develops cutting-edge technology for SVInc., located in Silicon Valley. In

Matthew (48 at year-end) develops cutting-edge technology for SVInc., located in Silicon Valley. In 2018, Matthew participates inSV’s money purchase pension plan (a defined contribution plan) andin his company’s 401(k) plan. Under the money purchase pensionplan, SV contributes 15 percent of an employee’s salary to aretirement account for the employee up to the amount limited by thetax code. Because it provides the money purchase pension plan, SVdoes not contribute to the employee’s 401(k) plan. Matthew wouldlike to maximize his contribution to his 401(k) account after SV’scontribution to the money purchase plan. (Leave no answerblank. Enter zero if applicable.) Assuming Matthew’s annual salary is \$442,000, a-1. What amount will SV contribute toMatthew’s money purchase plan? a-2. What can Matthew contribute to his 401(k)account in 2018? Assuming Matthew’s annual salary is \$303,000, b-1. What amount will SV contribute toMatthew’s money purchase plan? b-2. What can Matthew contribute to his 401(k)account in 2018? Assuming Matthew’s annual salary is \$70,500, c-1. What amount will SV contribute toMatthew’s money purchase plan? c-2. What can Matthew contribute to his 401(k)account in 2018? . Assume the same facts as part c, except thatMatthew is 54 years old at the end of 2018. What amount can Matthewcontribute to his 401(k) account in 2018? . . .