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Mina, age 50, has a business with the following employees: Employee Date of Birth Employment Start Date Compensation Ali 4/24/1985 6/30/2017 $56,000 Bob 6/25/1976 2/30/2010 $120,000 Cindy 3/15/1987 4/25/2008 $75,000 David 2/4/1997 7/14/17 $87,000 Edward 2/28/1993 10/14/2012 $47,000 Mina earns...

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Finance

  1. Mina, age 50, has a business with the following employees:

Employee

Date of Birth

Employment Start Date

Compensation

Ali

4/24/1985

6/30/2017

$56,000

Bob

6/25/1976

2/30/2010

$120,000

Cindy

3/15/1987

4/25/2008

$75,000

David

2/4/1997

7/14/17

$87,000

Edward

2/28/1993

10/14/2012

$47,000

Mina earns $450,000 and has for about4 years. There is no retirement plan now and Mina would like toadopt one that will give her personally the most beneficial andcost the minimum amount for her employees. What plans should Minaconsider? Explain what plan or plans you would recommend to her andwhy you make that recommendation. For your recommended plans, besure to include specific plan design features that the plans wouldinclude.

Answer & Explanation Solved by verified expert
4.2 Ratings (653 Votes)
Mina should considered Leastcost planning methodology Leastcost planning methodology LCPM also referred to as leastcost planning LCP is a relatively new technique used by economists for making rational decisions about investments in transport and other urban infrastructure projects It is based on costbenefit analysis However it is more comprehensive in that it looks at not only the total costs and    See Answer
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Transcribed Image Text

Mina, age 50, has a business with the following employees:EmployeeDate of BirthEmployment Start DateCompensationAli4/24/19856/30/2017$56,000Bob6/25/19762/30/2010$120,000Cindy3/15/19874/25/2008$75,000David2/4/19977/14/17$87,000Edward2/28/199310/14/2012$47,000Mina earns $450,000 and has for about4 years. There is no retirement plan now and Mina would like toadopt one that will give her personally the most beneficial andcost the minimum amount for her employees. What plans should Minaconsider? Explain what plan or plans you would recommend to her andwhy you make that recommendation. For your recommended plans, besure to include specific plan design features that the plans wouldinclude.

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