Question: Serena's salary is $ 1 2 0 , 0 0 0 per year. She contributes 1 2 % of her salary to her 4 0

Serena's salary is $120,000 per year. She contributes 12% of her salary to her 401(k) plan. Her employer matches with 5% of her salary to a 401(k) plan. She also contributes $2,500 per year to an IRA.
Serena's annual savings rate is?
Question 18 options:
a.12.00%.
b.14.08%.
c.17.00%.
d.19.08%.

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