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Ryan Shoes contributes 8 percent of his salary to his 401(k) plan and the employer matches with 50 percent of the first 4 percent of

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Ryan Shoes contributes 8 percent of his salary to his 401(k) plan and the employer matches with 50 percent of the first 4 percent of the employee's salary. The employee earns $55.000 and is in a 22 percent tae bracket. If the employee earns 15 percent on the plan investments, what is his one-year rate of return relative to the net amount of money he invested? 92.89 percent 93.52 percent 16.28 percent 29.72 percent 84.29 percent

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