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If your gross annual income is $80,400 and your employer will match 50% of your retirement contributions to your 401k up to your maximum contributions of 6% of your salary, what is the maximum dollar amount
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If your gross annual income is $80,400 and your employer will match 50% of your retirement

contributions to your 401k up to your maximum contributions of 6% of your salary, what is
the maximum dollar amount that together you and your employer will contribute annually?

User Bluetech
by
4.2k points

1 Answer

3 votes

Answer:

Well, due to the 6% add on, you could go up to 85,400 within the first year, however I am not quite sure for the 401k. Have a good day!

Explanation:

User Mosheh
by
4.5k points
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