64.6k views
0 votes
Every year Rick contributes 3% of his annual 32,500) salary to a retirement fund. His company contributes an amount equal to 1% of his salary. What total of all contributions for one year?

1 Answer

5 votes

Answer:

Every year Rick contributes 3% of his annual 32,500) salary to a retirement fund =(32.500*3)/100=975

annual personal contribution: 975

His company contributes an amount equal to 1% of his salary =(32.50*1)/100=325

annual company contribution:325

total de toutes les cotisations pour un an : 975+325=1300

Explanation:

User Bob Liberatore
by
8.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories