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Kevin is considering his new employer's 401(k) plan that has a 60% match up to 5% of his salary. If he earns a $55,000 salary

Kevin is considering his new employer's 401(k) plan that has a 60% match up to 5% of his salary. If he earns a $55,000 salary and he saves $9,000/yr for his retirement, how much money would his employer deposit to his account for him as a match?

1419

1221

1650

1831.5

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