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Brainliest + Points! Please EXPLAIN!

Latasia's annual salary is $66,410, and she makes 401K contributions. Her company will match 50% of the amount she saves up to 8%. If she contributes 10% of her salary to her 401K, how much does her company contribute to her 401K?

A.
$1,328.20

B.
$2,656.40

C.
$4,237.10

D.
$5,312.80

Respuesta :

altavistard

Answer:

$531.28

Step-by-step explanation:

We need only focus on the first 8% of her salary in calculating her company's contribution to her 401k plan:

She contributes 10% of her salary to her 401k.  That amount comes to 0.10($66,410), or $6,641.

Her company contributes 8% of this amount to her 401k plan:

0.08($4,641) = $531.28