Question

9. Calista’s gross annual income is $39,036. She is paid monthly and has 6% deducted from her paychecks for her 403(b). If her employer matches her deduction up to 4%, how much is deposited into her retirement plan each payday?

Answer 1

$325.3

Explanation:

Annual gross = $39,036

Monthly gross = $39036/12 = $3,253

Retirement plan = 6% + 4% = 10% of paycheck

= 3253/10 = $325.3