12
QuizMultiple 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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