If your tax liability is 30% of your $50,000 salary and you contribute $2,000 to your 401(k)and your employer matches $2,000,how much free money are you getting by taking full advantage of the employer match?

Question

Quizplus · Accepted Answer

The employer match of $2,000 is considered "free money" because it is an additional contribution to your 401(k) that you receive without having to contribute more than your own $2,000.

If Your Tax Liability Is 30% of Your $50,000 Salary