Question: Gina worked for ABC Corp. for the last two years and nine months. Gina participates in ABC's 401(k) plan. During her employment, Gina contributed $8,000
Gina worked for ABC Corp. for the last two years and nine months. Gina participates in ABC's 401(k) plan. During her employment, Gina contributed $8,000 to her 401(k) account. ABC has contributed $4,000 to Gina's 401(k) account (it matched 50 cents of every dollar contributed). ABC uses a three-year cliff vesting schedule. If Gina were to quit her job with SEC, what would be her vested benefit in her 401(k) account (assume the account balance is $12,000)?
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