1 Scientists use the â instrument to â measure the intensity of the â light. 2  The â firemen were â forced to â retreat by the intensity of the â heat. 3  The intensity of the â earthquake is â measured on the Richter â scale.
Your employer will likely continue to contribute to these accounts with the bonus payout using the original contribution percentage that you set up. So if you already automatically contribute 5% of your gross income to your 401(k), your employer will probably take 5% of your bonus money and put it in your 401(k). If you are not careful, you could exceed your annual maximum allowable tax-deductible contributions to your 401(k).
The Simpleâor Savings Incentive Match Plan for Employeesâcan be used for a sole practitioner or for a small business with fewer than 100 employees. The maximum contribution is $12,000 per person ($14,500 if youâre 50 or older) but it cannot be used if youâre covered under another retirement plan (other than a Roth IRA).ust as with IRAâs, contributions are determined by modified adjusted gross income (AGI). But unlike IRAâs, if you exceed these limits, you cannot make a Roth IRA contribution at all. For 2014, for single taxpayers, eligibility begins to phase out at an AGI of $114,000, and is gone completely at $129,000.