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6 December, 22:02

David's salary is $29,512, and he makes 401K contributions. His company will match 100% of the amount he saves up to 6%. How much will his company contribute if he contributes 8% of his salary to his 401K?

A.

$1,700.00

B.

$1,770.72

C.

$1,795.10

D.

$1,825.75

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Answers (2)
  1. 6 December, 23:59
    0
    B. $1,770.72

    Step-by-step explanation:

    Since David's contribution is more than 6% of his salary, the limit of the company's contributions is 6% of David's salary:

    ... 6% * $29,512 = $1770.72
  2. 7 December, 00:47
    0
    The answer is D. $1,825.75
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