Question
Dvon works for a company that matches his 401(k) retirement contributions at a rate of $0.50 per $1 of his contributions, up to 6% of
Dvon works for a company that matches his 401(k) retirement contributions at a rate of $0.50 per $1 of his contributions, up to 6% of his salary. Dvon earns $60,000/year. Using Uncle Als advice, what is the minimum amount of salary that Dvon should contribute to his 401(k) plan each year?
| A. $3,600 |
|
| B. $7,200 |
|
| C. $9,600 |
|
| D. $18,000 |
|
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
