Question: Tim participates in a defined contribution pension plan ( DCPP ) offered by his employer. The plan requires that both the employer and employee each

Tim participates in a defined contribution pension plan

(

DCPP

)

offered by his employer. The plan requires that both the employer and employee each make contributions of

3 %

of pensionable earnings, up to the maximum dollar amount permitted. If Tim had pensionable earnings of $

90, 000

this year, what would be contributed in total in the DCPP for the current year? Do not include any dollar signs and round your answer to the nearest dollar.

Integer, decimal, or E notation allowed

Tim participates in a defined contribution

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