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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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