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A nonprofit organization offers a 5.5% salary contribution to John's 403b plan regardless of his own contributions, plus a matching 5.5% when John contributes 5.5%
A nonprofit organization offers a 5.5% salary contribution to John's 403b plan regardless of his own contributions, plus a matching 5.5% when John contributes 5.5% of his salary. John makes $66,000 a year. What is the amount of the total contribution to his 403b if John contributes 5.5% of his own money? Multiple Choice $11,200 $12,500 O $7,260 O $10,890
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