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 Individual Retirement Arrangement, or IRA, was first introduced in 1974 as a way to encourage workers to save for retirement. As of 2010, you can deduct up to $5,000 in contributions to a traditional IRA, and an additional $1,000 if you are over age 50. SIMPLE IRA plans are workplace plans for small businesses.As of 2010, you can contribute up to $11,500 to a SIMPLE IRA, and an additional $2,500 if you are over age 50.Contributions to SIMPLE plans don't count against your eligibility to make tax-deductible contributions to traditional IRAs.s of 2010, you can deduct up to $5,000 in contributions to a traditional IRA, and an additional $1,000 if you are over age 50. SIMPLE IRA plans are workplace plans for small businesses.