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Advanced Financial Algebra
Retirement Planning — Test
Question 11
11
Quiz
Multiple Choice
Retirement Planning — Test
Question 11 • Advanced Financial Algebra
An employee has a salary of $100,000 and contributes 6% of their salary to a 401(k) retirement plan. The employer matches 100% of the employee's contribution up to 4% of their salary. How much will the employer contribute annually?
Answer
A
4 dollars comma 000
B
6 dollars comma 000
C
3 dollars comma 000
D
5 dollars comma 000
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