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5 November, 10:33

Gilbert's employer matches 12% of Gilbert's contributions to his 401 (k) plan. If Gilbert's employer contributed $600 to the plan last year, how much did Gilbert contribute to the plan last year?

A. $7200

B. $4400

C. $5600

D. $5000

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Answers (1)
  1. 5 November, 11:02
    0
    12% of Gilbert's contribution is 600

    0.12x = 600

    x = 600/0.12

    x = 5000 <==
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