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15 July, 13:56

Catherine's employer matches 25% of her 401 (k) contributions - up to $2000. Catherine's salary is $50,000, and last year she contributed $10,000 to her 401 (k) plan. What was her employer's contribution to the 401 (k) ?

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  1. 15 July, 14:57
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    25% of $10,000 is $2,500

    But because they only match "up to $2,000," her employers contribution was $2,000
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