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Mayley is considering his new employer's 401(k) plan that has a 50% match up to 4% of his gross salary. If he earns a $49,000
Mayley is considering his new employer's 401(k) plan that has a 50% match up to 4% of his gross salary. If he earns a $49,000 salary and saves $2,500 for his retirement this year, how much total money (his contribution plus his employer's match) would be deposited to his account this year?
Question 2 options:
| 2157.6 |
| 4,315.20 |
| 2,784.00 |
| 3,480.00 |
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