rabjohnamanda
Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Connect with professionals ready to provide precise answers to your questions on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

For the first 6% of Bianca's salary, her employer matches 100% of her 401(k)
contributions, and from 6% to 12%, Bianca's employer matches 50% of her
401(k) contributions. Bianca's salary is $50,000, and last year, she contributed
$6000 to her 401(k) plan. What was her employer's contribution to the
401(k)?
OA. $7200
OB. $4500
OC. $6000
OD. $3000

Sagot :

Answer:

B

Step-by-step explanation:

6% of her salary is  .06 * 50000 = 3000  <===== matched 100%

   from 6- 12% is another 3000 <=====matched 50% =  1500

3000 + 1500 = 4500 dollars matched

(she put in 6000 and her employer put in 4500 = 10500 total)

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.