math part (c)

posted by .

4.The total of your calculations would equal the amount Sally has contributed for the first two years. As we already know, the company would match employee 401K contributions up to 5% of the gross salary. What is the total amount contributed by the company to Sally’s 401-K account for the first two years?
Part (c)
1.What is Sally’s gross salary on the 3rd year, after a 4.0% raise?
2.Sally was able to up her 401K contribution to 5% at the beginning of her third year. How much has Sally contributed to her 401-K plan during her third year?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    Sally Rogers, an employee of Advanced Ideas, Inc. has a gross salary of $45,000 per year. Her company will match employee 401K contributions up to 5% of the gross salary. Due to personal financial constraints, Sally is only able to …
  2. mATH part 1

    Sally Rogers, an employee of Advanced Ideas, Inc. has a gross salary of $45,000 per year. Her company will match employee 401K contributions up to 5% of the gross salary. Due to personal financial constraints, Sally is only able to …
  3. Math Part 2

    a.Execute the research necessary to understand the basic structure of a 401K plan. Write a brief summary of your findings. b.How much did Advanced Ideas, Inc. put into Sally’s 401K in her first two years?
  4. maTH part (b)

    Part (b) 1.Knowing that Sally put 2% of her salary into her 401K during her first two years, how much has Sally contributed to her 401-K plan on the first year?
  5. MATH!!!

    Supppose you work for a company that has a 401k plan. Your first-year annual salary is $28,200 and you are contributing 10% of your monthly paycheck onto your 401k. Write a rule for the amount of money contributed to the plan after …
  6. Consumer Math

    Find the annual amount of FICA at a 7.51% rate by computing his annual salary. Sam Takagi Weekly salary: $435.16 Not self-employed Find the annual amount of FICA by computing his annual salary. $169,938.68 $16,993.87 $1,699.39 2. Find …
  7. finance

    company starting salary 75,000 retirement benefits 401k with annual contribution of 5% company will match 3% (for max contribution of 8% salary) avg 401k return within mutual fund options at 8% per year sign on bonus 0 annual bonus …
  8. Math

    Score Skateboard Company is a small firm that designs and manufactures skateboards for high school and college students who want effective, fast transportation around campus. Score has two employees who receive $1,100 gross pay per …
  9. computer,science, java

    Inorder to motivate the employees, the company has decided to announce the different types of bonus depends up on the employee’s Grade. If the employee belong to Grade A bonus=20% basic Grade B bonus=15% basic Grade C bonus=10% basic …
  10. Math

    Sal and Cal both work for the same company making ​$55,000 each in annual salary. Sal deposits 5​% of her salary to her 401k plan and the company matches 25 cents for each dollar contributed to the 401k up to the 5​%. Cal deposits …

More Similar Questions