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Ne4ueva [31]
3 years ago
9

Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the e

mployee's salary contributed to the 401(k). Jahwana currently earns $40,000 in gross salary and she currently contributes 15% of her salary into her 401(k). How much money in dollars is the total contribution to her account (her contribution plus the employer match) every year?
Business
2 answers:
Gre4nikov [31]3 years ago
7 0

Answer:

$8,000

Explanation:

Jahwana earns $40,000:

her 401k contributions = 15% x $40,000 = $6,000

Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000

total annual contribution = $6,000 + $2,000 = $8,000

NeTakaya3 years ago
4 0

Answer:

$8,000

Explanation:

Total contribution to Sophia's account = Jahwana's contribution + Company's contribution

Jahwana's contribution ( $ 40,000 * 15% ) = $ 6,000

Company contribution( $ 40,000 * 5% ) = $ 2,000    

( $ to $ restricted to 5% of employee's salary)

Total contribution to Jahwana's account = $ 8,000.00

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To determine the tax amount you multiply the gross pay and the tax percentage. In this case, you would multiply $35,600 by .16 which equals $5,696 for the federal tax year. Remember: to convert a percentage to a decimal number, move the decimal place 2 places to the left.

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The purpose of cascading the balanced scorecard throughout the organization is: _____________
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b. To ensure strict hierarchical control of the organization.

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The answer is: Downward pressure on the Argentine peso's forward rate

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3 years ago
You are trying to find out how high you have to pitch a water balloon in order for it to burst when it hits the ground. You disco
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Answer:

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Explanation:

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and h is the height at wich the ballon was pitched.

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