Asher's gross annual income is $43,908 . He is paid monthly and has 6% deducted from his paychecks for his 401k. His employer matches his deduction, up to 4% .

How much is deposited into Asher's 401k each payday ?

A.182.95
B. 292.72
C. 365.90
D. 439.08

Question

22-03-2018
Mathematics

contestada

Asher's gross annual income is $43,908 . He is paid monthly and has 6% deducted from his paychecks for his 401k. His employer matches his deduction, up to 4% .

How much is deposited into Asher's 401k each payday ?

A.182.95
B. 292.72
C. 365.90
D. 439.08

Respuesta :

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Аноним Аноним · Answer 1 · 2018-03-22T10:45:18+01:00

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Find Monthly Income
----------------------------------------
Gross Annually Income = $43 908
Gross Monthly Income = $43 908 ÷ 12
Gross Monthly Income = $3659

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Paycheck deducted for 401k
----------------------------------------
6% of $3659
= 0.06 x 3659
= $219.54
----------------------------------------
Employer contribution to his 401k
----------------------------------------
4% of $2659
= 0.04 x 3659
= $146.36

----------------------------------------
Total contribution to his 401k
----------------------------------------
$219.54 + $146.36 = $365.90

----------------------------------------
Answer: $365.90 (Answer C)
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Asher's gross annual income is $43,908 . He is paid monthly and has 6% deducted from his paychecks for his 401k. His employer matches his deduction, up to 4% . How much is deposited into Asher's 401k each payday ? A.182.95 B. 292.72 C. 365.90 D. 439.08

Respuesta :

Otras preguntas

Asher's gross annual income is $43,908 . He is paid monthly and has 6% deducted from his paychecks for his 401k. His employer matches his deduction, up to 4% .

How much is deposited into Asher's 401k each payday ?

A.182.95
B. 292.72
C. 365.90
D. 439.08