If you work for a company that will match $2 for every $1 contributed up to 5% of your salary of $80,000,what amount do you need to invest to receive the maximum company match?

Question

Quizplus · Accepted Answer

To receive the maximum company match, you need to contribute 5% of your salary. 5% of $80,000 is $4,000. Since the company matches $2 for every $1 you contribute, you only need to contribute $2,000 to get the full $4,000 match.

If You Work for a Company That Will Match $2