GreenStar offers its employees a 401(k) plan. The company matches employee contributions at 75% up to 10%. Dylan just started working for GreenStar. His annual salary is $53,875, and he's paid monthly. Dylan would like to have $400,000 in his 401(k) when he retires in 26 years. If his investments earn 7.5%, what percent of his salary should he contribute to his account? 9.58% 9.30% O 5.32% 4.18%

GreenStar offers its employees a 401(k) plan. The company matches employee contributions at 75% up to 10%. Dylan just started working for GreenStar. His annual salary is $53,875, and he's paid monthly. Dylan would like to have $400,000 in his 401(k) when he retires in 26 years. If his investments earn 7.5%, what percent of his salary should he contribute to his account? 9.58% 9.30% O 5.32% 4.18%

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter12: Tax Credits And Payments

Section: Chapter Questions

Problem 35P

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