Regina’s employer matches 25% of her 401(k) contributions — up to $1500. Regina’s salary is $30,000, and last year she contributed $5000 to

Question

Regina’s employer matches 25% of her 401(k) contributions — up to $1500. Regina’s salary is $30,000, and last year she contributed $5000 to her 401(k) plan. What was her employer’s contribution to the 401(k)?

0

Answers ( No )

    0
    2021-11-25T19:44:17+00:00

    Answer:

    so her employer”s contribution will be $1250

    Step-by-step explanation:

    Regina’s employer matches 25% of her 401(k) contributions — up to $1500. Regina’s salary is $30,000, and last year she contributed $5000 to her 401(k) plan. What was her employer’s contribution to the 401(k)

    Solution

    A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren’t paid until the money is withdrawn from the account.

    We know from the question that her employer matches 25% of her 401k contributions.

    25% of $5000

    $1250

    so her employer”s contribution will be $1250

    0
    2021-11-25T19:44:27+00:00

    1250 lost a final apex for that answer

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