Question 2. John works for ABC Company, which agrees to make a matching contribution of 50 cents on every dollar, up to 6% of each employee's compensation.

A. John's compensation is $31,000 per year. If John contributes $2,000 from his paychecks throughout the year, how much in a match from the company will John receive?

B. How much does John have to contribute to receive the maximum 6% contribution from the company?

C. How much is John giving up in compensation if he chooses not to defer any compensation?