Question

@Becki @ranga

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. $6700
B. $6250
C. $5000
D. $3600

Answer 1

25% of the $5000 he paid in plus the $5000.

Answer 2

sorry this was the wrong one

Answer 3

:)

Answer 4

6250