18. George puts 7% of his paycheck in a Traditional 401(k) plan. He earns $70,000 per year. His average tax rate is 18% and his marginal tax rate is 22%. His employer matches contributions on the first 4% his salary dollar for dollar (100%) and the next 6% for 50 cents per dollar (50%). How much in total contributions will go into his account (include his contribution and the company's contribution.)

A. $3,850

B. $0

C. $8,750

D. $9,800

E. $4,900