5. Kekoa works at the Boeing Company who matches dollar for dollar in the 401(k) matching program.
The vesting period at Boeing is 3 years. Kekoa deposited $5000 in his company's 401(k) and Boeing
matched it and deposited $5000 as well. Kekoa now has $10000 in his 401(k). He couldn't get along
with his boss and quit after 2 years at the company. How much of this 401(k) can he take with him?
EXPLAIN for full credit. Click on this link and read the section "Is all the money in my 401(k) actually
mine?" for help on answering this question. What 401k Vesting Is and How It Works (3 points)

Question

05-12-2022
Mathematics

Answered

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5. Kekoa works at the Boeing Company who matches dollar for dollar in the 401(k) matching program.
The vesting period at Boeing is 3 years. Kekoa deposited $5000 in his company's 401(k) and Boeing
matched it and deposited $5000 as well. Kekoa now has $10000 in his 401(k). He couldn't get along
with his boss and quit after 2 years at the company. How much of this 401(k) can he take with him?
EXPLAIN for full credit. Click on this link and read the section "Is all the money in my 401(k) actually
mine?" for help on answering this question. What 401k Vesting Is and How It Works (3 points)

Sagot :

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