Question

Leslie’s employer will match up to 3% of her salary in contributions to her 401(k). Her monthly salary is $3,200, and the company allows her to make contributions to a maximum of 10% of her salary. What is the maximum monthly deposit to Leslie’s 401(k), including her employer’s matching contribution?

Answer 1

Answer:

$416.00

Step-by-step explanation:

Leslie's 10% and her employer's 3% total 13% of her salary:

0.13 · $3200 = $416