Question

Regina's employer matches 25% of her 401(k) contributions — up to $1500. Regina's salary is $30,000, and last year she contributed $5000 to her 401(k) plan. What was her employer's contribution to the 401(k)?

Answer 1

1250 lost a final apex for that answer

Answer 2

Answer:

so her employer"s contribution will be $1250

Step-by-step explanation:

Regina's employer matches 25% of her 401(k) contributions — up to $1500. Regina's salary is $30,000, and last year she contributed $5000 to her 401(k) plan. What was her employer's contribution to the 401(k)

Solution

A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren't paid until the money is withdrawn from the account.

We know from the question that her employer matches 25% of her 401k contributions.

25% of $5000

$1250

so her employer"s contribution will be $1250