The minimum amount of his salary that Lonnie should contribute each month to maximize his employer’s matching contribution which is $125 . Correct option C.
<u>Step-by-step explanation:</u>
We have , Lonnie’s employer will match up to 5% of his salary in contributions to his 401(k). His starting salary with the company is $2,500 a month, and the company allows him to contribute up to 12% of his salary to his 401(k). According to the given scenario , Lonnie can contribute to matching at a maximum of 12% of his salary ($2500) :
⇒ ![\frac{salary(12)}{100}](https://tex.z-dn.net/?f=%5Cfrac%7Bsalary%2812%29%7D%7B100%7D)
⇒ ![\frac{2500(12)}{100}](https://tex.z-dn.net/?f=%5Cfrac%7B2500%2812%29%7D%7B100%7D)
⇒ $
And , a minimum of 5% of his salary ($2500):
⇒ ![\frac{salary(12)}{100}](https://tex.z-dn.net/?f=%5Cfrac%7Bsalary%2812%29%7D%7B100%7D)
⇒ ![\frac{2500(5)}{100}](https://tex.z-dn.net/?f=%5Cfrac%7B2500%285%29%7D%7B100%7D)
⇒ $
.
In question we need to tell the minimum amount of his salary that Lonnie should contribute each month to maximize his employer’s matching contribution which is $125 . Correct option C.
I believe the answer is letter A
Answer:
30 bows
Step-by-step explanation:
To find how many bows she can make, divide 10 by 1/3
10 / (1/3)
= 30
So, Sara can make 30 bows
Answer:
6.50
Step-by-step explanation:
- 10.00
![10.00 - 1.50 - 8.50 - 2.00 = 6.50](https://tex.z-dn.net/?f=10.00%20-%201.50%20-%208.50%20-%202.00%20%3D%206.50)
Answer:
8(n-4) click brainliest and thanks please