Rabjohnamandaidn
Answered

Get expert advice and community support on IDNLearn.com. Get the information you need from our community of experts, who provide detailed and trustworthy answers.

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)

We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for trusting IDNLearn.com with your questions. Visit us again for clear, concise, and accurate answers.