Tom and Jenny graduated college and got married.Both are in their 20s and have decided to contribute to their retirement right away.

Tom works for Accenture and earns $50,000 per year.

Jenny works for Prudential and earns $53,000 per year.

401(k)

Tom contributes 5% to his 401(k). Accenture matches up to 5%

Jenny contributes 5% to her 401(k). Prudential matches up to 2.5 %

IRA

Tom and Jenny both contribute the maximum to a Roth IRA

Questions

1) Annually, how much do Tom and Jenny contribute to their 401(k)'s?

Tom -

Jenny -

Add Both Together -

2) Annually, how much did their employers contribute to the 401(K)'s?

Tom -

Jenny -

Add Both Together -

3) If Tom and Jenny contribute the maximum to their Roth IRA this year, what was the total contribution?

4) What was the total contribution collected?Add all contributions from Tom, Jenny, and their employers.