Question

Your company has a plan that matches your retirement contributions up to 2% of your salary. Your annual salary is $22,000. You are paid bi-weekly (26 times per year). How much should you contribute to the retirement account each pay period to take full advantage of the company match

Answer 1

The contribution is $
`16.92\\` per biweekly payment

Explanation:

Salary received in each of the
`26 \\` pay is

`(2)/(100) * (22000)/(26) \\= 16.92\\`