Asher's gross annual income is $43,908. He is paid monthly and has 6% deducted from his paychecks for his 401(k). His employer matches his deduction, up to 4%.
How much is deposited into Asher's 401(k) each payday?
43908 ÷ 12 = 3659 salary per month 3659 0.06 = 219.54 - What Asher contributes 3659 0.04 = 146.36 - Employer contribution Add together for total deposited = 365.90 or C
