Rylie's gross paycheck amount is $1305.60. She has 4% deducted from her paychecks for her 401(k). Her employer matches her deduction, up to 4%. How mach is deducted from her paycheck for retirement plan?A) $26.11B) $52.22C) $104.44D) $522.24
Accepted Solution
A:
The employer contribution does not get deducted from her paycheck.Β To find the amount deducted from her check we take 4% of 1305.60 = 0.04(1305.60) = $52.22.