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Janna’s gross annual income is $46,020. She is paid weekly and has 7% deducted from her paychecks for her 403(b). Her employer matches her deduction, up to 5%. How much is deposited into Janna’s 403(b) each paycheck?

A) $61.95
B) $123.90
C) $619.50
D) $106.20

User Henhuy
by
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2 Answers

2 votes

Answer:

D) $106.20

Explanation:


User Jek
by
7.5k points
2 votes
It is D) $106.20

46020 / 52 (because she's paid weekly) = 885
7% + 5% = 12%
885 x .12 = 106.2


User Ravoorinandan
by
8.2k points
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