An employee earns $⁢75,000 per year and contributes 5% of their salary to a 401(k) retirement plan. The employer matches 75% of the employee's contribution up to 5% of the employee's salary. How much will the employer contribute annually?

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Revolt · Accepted Answer

2 dollars comma 812 point 5 0

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An employee earns $⁢75,000 per year and contributes 5% of their salary to a 401(k) retirement plan. The employer matches 75% of the employee's contribution up to 5% of the employee's salary. How much will the employer contribute annually?

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