Ask Question
21 March, 16:17

Terrell has an employer-sponsored 401 (k) plan that he contributes to, and his employer matches 25% of his 401 (k) contributions. Terrell's salary is $40,000, and last year he contributed $5000 to his 401 (k) plan. What was the total amount that was contributed to his 401 (k) last year?

A. $3600

B. $6250

C. $6700

D. $5000

+5
Answers (1)
  1. 21 March, 18:05
    0
    The answer is 6250 buddy.

    You're welcome

    -From Hockey
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Terrell has an employer-sponsored 401 (k) plan that he contributes to, and his employer matches 25% of his 401 (k) contributions. Terrell's ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers