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Financial Math
Employer Retirement Plans — Quiz
Question 1
1
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Math Formula
Employer Retirement Plans — Quiz
Question 1 • Financial Math
An employee has a salary of $60,000 and contributes 7% of their salary to a 401(k) retirement plan. The employer matches 50% of the employee's contribution, up to 6% of their salary. How much will the employer contribute annually?
Answer
Math Formula Answer:
2100
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