Question: Your employer has a 4 0 1 ( k ) match of 8 0 % up to 2 0 % . Your salary is $

Your employer has a 401(k) match of 80% up to 20%. Your salary is $40,588 per year. If you contribute $10,641, how much will your employer also put in? Do not round intermediate calculations. Round your final answer to two decimal places.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Noah and Joan Arc live with their family in Dayton, OH. Noahs Social Security number is 434-11-3311. Noah was born on February 22, 1982 and Joan was born on July 1, 1983. Both enjoy good health and...

Q:

ou hope to retire in 2 3 years . When you do , you would like to have the purchasing power of $ 1 8 9 , 7 5 6 today , during each year of retirement. Your cash is needed at the beginning of each year...

Q:

Researching Kwame's employer - sponsored retirement plan has already got us started on that path. In this assignment, we will broaden the exercise and summarize all retirement accounts Kwame and...

Q:

Researching Kwame's employer - sponsored retirement plan has already got us started on that path. In this assignment, we will broaden the exercise and summarize all retirement accounts Kwame and...

Q:

Researching Kwame's employer - sponsored retirement plan has already got us started on that path. In this assignment, we will broaden the exercise and summarize all retirement accounts Kwame and...

Q:

A 3 5 year old employee who has just been hired will contribute part of their paycheck monthly to a 4 0 1 ( k ) . The employee's starting salary is $ 7 5 0 0 0 a year. An annual raise of 4 . 6 4 % is...

Q:

XYZ Project has 20 activities, each activity uses 4 different resources with their limits given in the following table. It is required to schedule the project so that the daily resource requirements...

Q:

I only need ANSWER for part b) ONLY. Thank you. Language is python:) Problem 5 The code below generates a Numpy array X of shape (12,8) filled with integers. Please don't change the seed. 991: import...

Q:

Use the imputed market value technique to determine the better alternative below. The MARR is 11% per year and the study period is for Capital Investme Annual Expenses Useful Life, years Market Value...

Q:

A taxpayer may qualify for one of several exceptions to the additional tax on early distributions. Which of these would be an exception? A 4 0 1 ( k ) distribution of $ 1 0 , 0 0 0 to pay qualified...

Q:

1. A matrix A and a vector v are given below. Compute the matrix-vector product Av. Using only this calculation, determine if v is an eigenvector of A. If v is an eigenvector, find the corresponding...

Q:

Questin 2. (cosn) Is this sene convergent ? e n=1

Q:

Erika Koch is preparing her balance sheet and income statement for the month ended July 31, 2022. Use the following information to help her prepare her financial statements. Opening Balances - July...

Q:

Question 1 1 of 2 0 Which complementary and alternative therapy involves the application of digital pressure on designated points on the body? Acupressure Simple touch Massage therapy Chiropractic...

Q:

A distribution has a skewness of 0.14 and a kurtosis of +0.09. a. Draw approximately what this distribution should look like. b. What terms would you use to describe this distribution?

Q:

A 30 m long concrete pile is 305 mm 305 mm in cross section and is fully embedded in a sand deposit. If n h = 9200 kN/m 2 , the moment at ground level M g = 0, the allowable displacement of pile...

Q:

Suppose you purchase a call option on XYZ stock when the stock price is $81. The option premium is $3, and the strike price is $85. What is your net profit on the call option if the stock price is...

Q:

Below are the comparative statements of financial position for Lowenstein Corporation. Dividends in the amount of $10,000 were declared and paid in 2022. Instructions From this information, prepare a...

Q:

The upper plate shown is moving to the right with a velocity V, and the lower plate is free to move laterally under the action of the viscous forces applied to it. For steady-state conditions, derive...

Q:

------------------------------------- At the beginning of its first year of operations, Bonita Limited has 4,900, $3 preferred shares and 48,000 common shares. Using the format shown below, allocate...

Q:

Discuss the importance of workforce planning.

Q:

Differentiate between a mission statement and a vision statement.

Q:

1. Which features of organizations do managers need to know about to build and use information systems successfully?