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Your employer offers a 401(k) plan in which they will match 100% of your contributions, up to 5% of your salary. Suppose you make $35,000 in a given year, and you contribute $4,…

Your employer offers a 401(k) plan in which they will match 100% of your contributions, up to 5% of your salary. Suppose you make $35,000 in a given year, and you contribute $4,…
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3 votes
Your employer offers a 401(k) plan in which they will match 100% of

your contributions, up to 5% of your salary. Suppose you make
$35,000 in a given year, and you contribute $4,000.

asked
User Mike Gray
by
8.4k points

1 Answer

3 votes

Answer:

they will match 5% of 35,000 = $1750

so you total would be $5,750

Explanation:

answered
User Tom Grant
by
8.1k points
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