Sophia works for a large corporation with a 401(k) retirement plan. The company matches dollar-for-dollar the first 7% of every employees salary contributed to his or her 401(k). Sophia currently earns $55,000 in gross salary and currently contributes 10% of her salary into her 401(k). What is the total contribution (in dollars) to Sophias account every year? Select the correct answer. (3 points)

$1,650

$3,850

$5,500

$9,350