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3 votes
gabe has an employer sponsored 401(k) plan that he contributes to and his employer matches 25% of his 401(k) contributions Gabe salary is $30,000 and last year he contributed 401K plan what was the total amount that he contributed to his 401(k) last year?

User JithPS
by
5.4k points

2 Answers

5 votes

Answer:

5000 is correct

Explanation:

User Jan Engelsberg
by
6.4k points
5 votes

Answer:

$5000

Explanation:

25% of 4,000 is 1,000.

4,000 + 1,000 = 5,000

User Toni Tegar Sahidi
by
5.7k points
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