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Mathematics, 03.07.2020 19:01 hallmansean04
Jose contributes to an employer-sponsored 401(k) plan. For the first 6% of
Jose's salary, his employer matches 100% of his 401(k) contributions, and
from 6% to 12%, Jose's employer matches 50% of his 401(k) contributions,
Jose's salary is $50,000, and last year he contributed $6000 to his 401(k)
plan. What was the total amount that was contributed to his 401(k) last year?
O A. $10,500
B. $17,200
C. $14,500
D. $16,000
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Answers: 2
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Jose contributes to an employer-sponsored 401(k) plan. For the first 6% of
Jose's salary, his emplo...
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