Question

For the first 6% of Bianca's salary, her employer matches 100% of her 401(k)

contributions, and from 6% to 12%, Bianca's employer matches 50% of her
401(k) contributions. Bianca's salary is $50,000, and last year, she contributed
$6000 to her 401(k) plan. What was her employer's contribution to the
401(k)?
OA. $7200
OB. $4500
OC. $6000
OD. $3000

Answer 1

B

Explanation:

6% of her salary is .06 * 50000 = 3000 <===== matched 100%

from 6- 12% is another 3000 <=====matched 50% = 1500

3000 + 1500 = 4500 dollars matched

(she put in 6000 and her employer put in 4500 = 10500 total)