Please show all work. Your Gross pay is $40,000 a year, your employer offers a...

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Accounting

Please show all work.

Your Gross pay is $40,000 a year, your employer

offers a 401k program. You Contribute $8,000

A. Your employer matches the first 3% at 100%, next 2% at 50%. How much will your employer match that same year?

B. I'm 20years How much will you contribute to

your 401k? and how much will your employer

match in your 401k

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