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Latasia's annual salary is $66,410, and she makes 401K contributions. Her company will match 50% of the amount she saves up to 8%. If she contributes 10% of her salary to her 401K, how much does her company contribute to her 401K?

A.
$1,328.20

B.
$2,656.40

C.
$4,237.10

D.
$5,312.80

Respuesta :

musiclover10045

The company matches up to 8%.

Multiply her salary by 8%:

66410 x 0.08 = $5,312.80


Her company will match 50% ( which is half the amount)

Divide the 8% total by 2:

5312.80 / 2 = 2656.40


The answer is B.

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