Sherman Zimmerman has decided to contribute 8% of his gross pay to his 401K. His employer will match 50% of the first 6% of his

Question

3 years ago

12

Sherman Zimmerman has decided to contribute 8% of his gross pay to his 401K. His employer will match 50% of the first 6% of his

gross salary. If his annual salary is $53,600, what is his employer's annual contribution to his 401K?
A. $1,608.00
B. $2,144.00
C. $3,216.00
D. $4,288.00

Mathematics

1 answer:

sergiy2304 [10] · Answer 1 · 2022-01-05T09:10:05+03:00

sergiy2304 [10]3 years ago

4 0

.5 x .06=.03
53600 x .03=1608.00
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