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MedLane offers its employees a defined contribution plan. The company matches employee contributions at 50% up to 6% of salary. Paul works for MedLane, and
MedLane offers its employees a defined contribution plan. The company matches employee contributions at 50% up to 6% of salary. Paul works for MedLane, and he earns an annual salary of $55,860. Suppose Paul decides to contribute $250 per month to his retirement account. What is the total contribution to his retirement account each year? Group of answer choices $4,675.80 $6,351.60 $5,793.00 $4,500.00
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