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You are employed by Matthew's Construction Company. Matthew's has a 401(k) plan that allows employees to contribute as much as they want out of each
You are employed by Matthew's Construction Company. Matthew's has a 401(k) plan that allows employees to contribute as much as they want out of each pay check. Matthew's agrees to match the employee contribution up to 9 percent of the employee's salary. Your current salary is $76,000.
To maximize Matthew's contribution you should contribute $
Matthew's Construction Company would then contribute $ for a total of $ per year.
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