Homework Answers
Answer:
Monthly Salary S=$2250
Employees Monthly Contribution =5%*2250=$112.5
Employer Monthly contribution =7%*2250=$157.5
Employees Annual Contribution =12*Employees Monthly Contribution=$1350
Employer Annual contribution =12*Employer Monthly contribution =$1890
Total money added in account in a year =Employees Annual Contribution + Employer Annual contribution =1350+1890=$3240
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