Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If someone makes 100k, contributed 10% and the company makes a safe harbor matching contribution of 100% of first 3 % and 50% of next
If someone makes 100k, contributed 10% and the company makes a safe harbor matching contribution of 100% of first 3 % and 50% of next 2%, how much is going into the 401k per year (both employee and employer)?
A. 13000
B. 10000
C. 14000
D. 9000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started