asked 139k views
3 votes
gabe has an employer sponsored 401(k) plan that he contributes to and his employer matches 25% of his 401(k) contributions Gabe salary is $30,000 and last year he contributed 401K plan what was the total amount that he contributed to his 401(k) last year?

asked
User JithPS
by
8.1k points

2 Answers

5 votes

Answer:

5000 is correct

Explanation:

answered
User Jan Engelsberg
by
9.2k points
5 votes

Answer:

$5000

Explanation:

25% of 4,000 is 1,000.

4,000 + 1,000 = 5,000

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.