Caleb's annual salary is $45,000 per year. His employer matches 75% of his 401k contributions up...
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Caleb's annual salary is $45,000 per year. His employer matches 75% of his 401k contributions up to 10% of his annual salary. Caleb contributes $250 from each biweekly paycheck to his 401k account. What is the combined total of his annual contribution and his employer's contribution? Caleb's annual salary is $45,000 per year. His employer matches 75% of his 401k contributions up to 10% of his annual salary. Caleb contributes $250 from each biweekly paycheck to his 401k account. What is the combined total of his annual contribution and his employer's contribution?
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Employer contributes half of 250 but not more than ... View the full answer
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Posted Date:
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