Mathematics
Mathematics, 07.11.2019 17:31, nyceastcoast

Jaime’s employer contributes to the employees’ 401(k) plans as part...

Jaime’s employer contributes to the employees’ 401(k) plans as part of a benefit package. the company will match up to 4% of an employee’s salary. suppose jaime’s salary is $54,000 per year, and they allow him to make contributions to his 401(k) to a maximum of 12% of his salary. the minimum amount that jaime should contribute each month to maximize his employer’s contributions is % of his salary, or $ a month.
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