Question
Danielle puts 8 percent of her paycheck in a 401(k) plan administered by her employer. Danielle earns $55,000 per year and is in the 28
Danielle puts 8 percent of her paycheck in a 401(k) plan administered by her employer. Danielle earns $55,000 per year and is in the 28 percent tax category. Answer the following questions by filling integers into the blanks. Round to the nearest integer and do not put thousand separators.
a. Her annual contribution was $ .
b. What annual tax savings does she get from her contribution? $ .
c. If her employer matches contributions on the first 5% of her salary dollar for dollar and the second 5% 50 cents on the dollar, how much will her employer put into her account this year? $
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