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For the first 3% of Pam's salary, her employer matches 100% of her 401(k) contributions, and from 3% to 12%, Pam's employer matches 50% of her 401(k) contributions. Pam's salary is $30,000, and last year, she contributed $4000 to her 401(k) plan. What was her employer's contribution to the 401(k)?  A. $4000  B. $3600  C. $2250  D. $1800

Respuesta :

francocanacari

Her employer's contribution to the 401(k) was $2,500.

Calculus

Given that for the first 3% of Pam's salary, her employer matches 100% of her 401(k) contributions, and from 3% to 12%, Pam's employer matches 50% of her 401(k) contributions, and Pam's salary is $30,000 , and last year, she contributed $4000 to her 401(k) plan, to determine what was her employer's contribution to the 401(k) the following calculation must be made:

  • 4000 / 12 x 3 = X
  • 1000 = X
  • (4000 / 12 x 9) / 2 = X
  • 3000 / 2 = X
  • 1500 = X
  • 1000 + 1500 = 2500

Therefore, her employer's contribution to the 401(k) was $2,500.

Learn more about calculus in https://brainly.com/question/22810844

maryamahmed7913

Answer: C. $2250

Step-by-step explanation: took the quiz.

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