I'm answering any 5th grade and below questions
1 answer:
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Answer:
$203 approx
Explanation:
Gross Annual Income $39036.
Gross Monthly Income would be i.e $3253 per month.
Out of this gross income, Calista deposits 6% i.e 6 % of $3253 = $195.18
The employer matches it with 4% of the above deduction i.e 4$ contributed for every 100 dollars of employee contribution.i.e 4% of $195.18
= $ 7.8072
Hence the Amount deposited in Calista's retirement plan each month would be: Employee's contribution + Employer's contribution
= $195.18 + $7.8072
= $ 202.9872 or $ 203 approx every month