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Financial Math
Employer Retirement Plans — Quiz
Question 12
12
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Multiple Choice
Employer Retirement Plans — Quiz
Question 12 • Financial Math
Miley has a salary of $48,000 , and her company offers a 401(k) with a 50% match up to 4% of her salary. The company uses a 2 -year cliff vesting schedule. Miley contributes 4% of her salary. How much will be vested after 1 year?
Answer
A
0 dollars
B
920 dollars
C
1 dollars comma 920
D
2 dollars comma 880
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