Homework Answers
As the company is matching charitable contribution in the ratio of 1:4, therefore when contribution has been made of $480.
Out of this employee will pay (480/5)*4 => $384 and company will match $96 against this making total charity to $480..
Therefore cost of $480 charitable contribution to employee will be $384.
When employer match increases , cost of Charitable contribution to United way for employee will reduce .
Because now more of money will be matched by company hence reducing cost on employeee's pocket.
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