Jose has an employer-sponsored 401 (k) plan that he contributes to, and his employer matches 25% of his contributions. Jose's salary is $50,000, and last year he contributed $6000 to his 401 (k) plan. What was the total amount that was contributed to his 401 (k) last year?
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Home » Mathematics » Jose has an employer-sponsored 401 (k) plan that he contributes to, and his employer matches 25% of his contributions. Jose's salary is $50,000, and last year he contributed $6000 to his 401 (k) plan.