Sue's annual salary is $50,000. Her company's 401(k) plan will match 50% of an employee's 401(k) contribution
Fantastic news! We've Found the answer you've been seeking!
Question:
Sue's annual salary is $50,000. Her company's 401(k) plan will match 50% of an employee's 401(k) contribution up to 8% of their salary. If during the year Sue elects to put $5,000 into her 401(k), how much will the company also put into her 401(k) account?
Related Book For
Taxation Of Individuals 2017
ISBN: 9781259548666
8th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Posted Date: