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10 May, 18:39

Jayde's gross annual income is $54,002. She is paid biweekly and has 7% deducted from her paychecks for her 403 (b). Her employer matches his deduction, to 5%. How much is deposited into Jayde's 403 (b) each payday?

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  1. 10 May, 18:49
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    54002 / 26 = 2077 is a paycheck

    7% + 5% = 12% = 0.12

    2077 x 0.12 = 249.24 is deposited each paycheck
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