NobleWho
contestada

David’s salary is $29,512, and he makes 401K contributions. His company will match 100% of the amount he saves up to 6%. How much will his company contribute if he contributes 8% of his salary to his 401K?

A.
$1,700.00

B.
$1,770.72

C.
$1,795.10

D.
$1,825.75

Respuesta :

sqdancefan

Answer:

B. $1,770.72

Step-by-step explanation:

Since David's contribution is more than 6% of his salary, the limit of the company's contributions is 6% of David's salary:

... 6% × $29,512 = $1770.72

theyylovetrin
The answer is D. $1,825.75

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