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29 September, 12:50

Latasia's annual salary is $66,410, and she makes 401K contributions. Her company will match 50% of the amount she saves up to 8%. If she contributes 10% of her salary to her 401K, how much does her company contribute to her 401K?

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  1. 29 September, 13:13
    0
    This will lead her to $2700 contribution in the company.
  2. 29 September, 13:15
    0
    Her company contribute $2656.40 to her 401k.

    Step-by-step explanation:

    Latasia's annual salary = $66,410

    Her company matches up to 8%

    8% of her Salary = 66410 * 0.08 = $5,312.80

    Her company will match 50% (that is half of the amount)

    5312.80 : 2 = $2656.40

    Her company contribute $2656.40 to her 401K
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