Janna's gross annual income is $46,020. She is paid weekly and has 7% deducted from her paychecks for her 403 (b). Her employer matches her deduction, up to 5%. How much is deposited into Janna's 403 (b) each paycheck?

A) $61.95

B) $123.90

C) $619.50

D) $106.20

Question

26 November, 04:39

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Jayda Randall · Answer 1

It is D) $106.20

46020 / 52 (because she's paid weekly) = 885

7% + 5% = 12%

885 x. 12 = 106.2

Janna's gross annual income is $46,020. She is paid weekly and has 7% deducted from her paychecks for her 403 (b). Her employer matches her deduction, up to 5%. How much is deposited into Janna's 403 (b) each paycheck?A) $61.95B) $123.90C) $619.50D) $106.20