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Karl works for a company with 401k plan. The company matches 0.50 on the dollar up to 4% of employees salary. if karl earns 50k

Karl works for a company with 401k plan. The company matches 0.50 on the dollar up to 4% of employees salary. if karl earns 50k and contributes 12% of his salary, how much will the annual employer match be in dollars?

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