Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the employee's salary contributed to the 401(k)
Jahwana currently earns $40,000 in gross salary and she currently contributes 15% of her salary into her 401(k). How much money in dollars is the total contribution to her account every year?
A) $2,000
B) $4,000
C) $6,000
D) $8,000
Answer: D
You might also like to view...
During an engagement to review the financial statements of a nonpublic entity, an accountant becomes aware of a material departure from GAAP. If the accountant decides to modify the standard review report because management will not revise the financial statements, the accountant should:
A. disclose the departure from GAAP in a separate paragraph of the report. B. issue an adverse or an "except for" qualified opinion, depending on materiality. C. express negative assurance on the accounting principles that do not conform with GAAP. D. express positive assurance on the accounting principles that conform with GAAP.
The “pro” side of a debate is called the ______ side.
a. positive b. affirmative c. negative d. confirming
Which of the situations described below would NOT lead to the criteria of a new project?
A. Customer request for an enhancement to a product B. Replacing obsolete systems infrastructure C. Operating the assembly line in a factory on a day-to-day basis D. New regulation that requires compliance
Firms that do a substantial amount of foreign trade would most often be interested to purchase a marine insurance policy that is ________
A) written with minimum payments B) based on each transaction C) open or floating D) closed