If you work for a company that will match $1 for every $2 contributed up to 5% of your salary of $50,000,what is the maximum amount of free money from the company that you can earn this year?

Question

Quizplus · Accepted Answer

The maximum amount of free money you can earn is calculated based on the company matching $1 for every $2 you contribute, up to 5% of your $50,000 salary. 5% of $50,000 is $2,500. Since the company matches $1 for every $2 contributed, you need to contribute $2,500 to get the maximum match, but the company will only contribute half of that amount, which is $1,250.

If You Work for a Company That Will Match $1