Question

Edison's employer matches 20% of Edison's contributions to his 401(k) plan. If edison's employer contributed $700

Answer 1

3500

Explanation:

Answer 2

employer matches 20% and contributed $700

so $700 / 0.2 = $3500

so Edison needs to put in his 401(k) $3500 in order for his employer matches $700 as 20%