Danny works for a company that matches his 401 (k) retirement contributions at a rate of "$0.25 per $1" of his contributions, up to 6 % of his salary. Danny earns $50000 /year. Using Doc White's advice, what is the minimum amount of salary that Danny should contribute to his 401 (k) plan each year? A. $50000 /year B. $3000 /year C. $12500 /year D. $12000 /year
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Danny works for a company that matches his 401 (k) retirement contributions at a rate of "$0.25 per $1" of his contributions, up to 6 % of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations.
Answers (1)
Process activity analysis roen company incurred an activity cost of $105,600 for inspecting 40,000 units of production. management determined that the inspecting objectives could be met without inspecting every unit.
Answers (1)
The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was $2,057. A total of 37 direct labor-hours and 194 machine-hours were worked on the job.
Answers (1)
A company buys a machine for $76,000 that has an expected life of 6 years and no salvage value. the company anticipates a yearly after tax net income of $1,805. what is the accounting rate of return
Answers (1)
Why is a double entry accounting system so called?
Answers (1)
New Questions in Business
The difference between the maximum price a consumer is willing to pay for a product and the actual price the consumer pays is called
Answers (1)
Find the duration of a 7.6% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to maturity of 6.0%. What is the duration if the yield to maturity is 12.0%? Note: The face value of the bond is $100
Answers (1)
Vaughn Corporation acquires a coal mine at a cost of $460,000. Intangible development costs total $115,000.
Answers (1)
Sara wants to start her own business. She is not sure if she wants to be a sole proprietor or get a partner. She asks a financial adviser about the different ways in which she might finance her company.
Answers (1)
Select all the items that describe an entrepreneur. can invent new products can start new businesses takes on risks hopes to lose money can create jobs
Answers (1)