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  3. cherry has an annual salary of $40,000 a year and

Cherry has an annual salary of $40,000 a year and contributes $1,000 to her 401(k)...

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Question

Accounting

Cherry has an annual salary of $40,000 a year and contributes $1,000 to her 401(k) as the employee contribution. Her employer will match 80% of her contribution up to 10% of her annual salary. If she increases her employee contribution by $500, the employer match contribution will increase by:
$1000
$500
$400
$0

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