Based on the information below, how much could he have contributed to the voluntary savings plan in his first year of employment (please enter the numeric value round to the nearest dollar) Possible 1st year contribution Current salary $55,000 Years since start 3 Annual increase 8 Starting salary Contribution 10 Maximum contribution $4,300 00

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Based on the information below, how much could he have contributed to the voluntary savings plan in his first year of employment (please enter the

Based on the information below, how much could he have contributed to the voluntary savings plan in his first year of employment (please enter the numeric value round to the nearest dollar)?

Possible 1st year contribution
Current salary	$55,000
Years since start	3
Annual increase	8%
Starting salary	?
Contribution %	10%
Maximum contribution	$4,300.00

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