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 compan

Question

3 years ago

14

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 compan

y 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?

Mathematics

1 answer:

Taya2010 [7] · Answer 1 · 2022-05-06T17:47:14+03:00

Taya2010 [7]3 years ago

5 0

Answer:

$416.00

Step-by-step explanation:

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

0.13 · $3200 = $416