Question

Emily's employer matches 25% of her 401(k) contributions — up to $2000. Emily's salary is $40,000, and last year she contributed $5000 to her 401(k) plan. What was her employer's contribution to the 401(k)?

Answer 1

"last year she contributed $5000" "employer matches 25%"  which is (25/100)*$5000 = $1250 "up to $2000"  means that limit of employer's contribution is $2000.  Is $1250 less than or equal to $2000?  Yes, so employer contributed $1250 last year.

Answer 2

Answer:

$1250

Explanation: