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How much should you contribute to the retirement account each pay period to take full advantage of the company match

How much should you contribute to the retirement account each pay period to take full-example-1

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d) $16.92

Each paycheck is $22,000/26 times per year = $846.15

Your company will match up to 2% of this. .02*$846.15= $16.92

You should contribute this amount each pay period in order to take full advantage of the "company match" because your company will add that much money into your retirement account on top of what you pay in.

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