A company contributes 11% of total compensation into Profit Sharing Plans on the basis of Age Weighted Plan. It uses 8% as interest factor and pays the following compensation to its three employees: Elizabeth (age 55): $175,000; Santiago (age 41): $125,000 and Jennifer (age 28): $60,000. The retirement age for these employees is 65 years. Calculate employer’s contributions for Jennifer.
A. 6600
B. 1323
C. 30789
D. 7488