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An employee earning $65,000 in gross salary contributes $11,000 to her 401K in 2020. Her employer will match 50%, up to 8% of her gross

An employee earning $65,000 in gross salary contributes $11,000 to her 401K in 2020. Her employer will match 50%, up to 8% of her gross salary. How much will her employer match in 2020?

$5,500

$5,200

$32,500

$11,000

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