If your tax liability is 30% of your $50,000 annual salary and you contribute $2000 to your 401(k) and your employers matches your contribution with $2000, what is your immediate return on investment for the $2000 contribution you made factoring in both the match and the reduction in taxes?

Answer rating: 100% (QA)

Employers Match of 2000 and tax benefi... View the full answer