Rylie’s gross paycheck amount is $1305.60. She has 4% deducted from her paychecks for her 401(k). Her employer matches her deduction, up to

Question

Rylie’s gross paycheck amount is $1305.60. She has 4% deducted from her paychecks for her 401(k). Her employer matches her deduction, up to 4%.

How mach is deducted from her paycheck for retirement plan?

A) $26.11
B) $52.22
C) $104.44
D) $522.24

0

Answers ( No )

    0
    2021-09-19T08:51:49+00:00

    The employer contribution does not get deducted from her paycheck.  To find the amount deducted from her check we take 4% of 1305.60 = 0.04(1305.60) = $52.22.

    0
    2021-09-19T08:52:22+00:00

    I believe your answer is $52.22 🙂

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