Question

If your gross annual income is $80,400 and your employer will match 50% of your retirement

contributions to your 401k up to your maximum contributions of 6% of your salary, what is
the maximum dollar amount that together you and your employer will contribute annually?

Answer 1

Well, due to the 6% add on, you could go up to 85,400 within the first year, however I am not quite sure for the 401k. Have a good day!

Explanation: