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Bernardo has a job at a company that offers a defined contribution plan, and his annual salary is $62,000. Bernardo's employer will contribute 8% of

Bernardo has a job at a company that offers a defined contribution plan, and his annual salary is $62,000. Bernardo's employer will contribute 8% of his salary to his retirement account if Bernardo contributes at least 4%. Suppose Bernardo contributes 2% of his salary. What is the total contribution to his retirement account for the year? O $7,440 O $6,200 O $4.960 O $1,240

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