If an Employer Matches Contributions to a 401(k) Up to a Maximum

question 6

Multiple Choice

If an employer matches contributions to a 401(k) up to a maximum of $1,800 (employer and employee each contribute $1,800) and an additional $2,200 is contributed by the employee, how much will the employee have in 35 years if the investments in the 401(k) earn an average of 9%?

• A) $152,600
• B) $203,000
• C) $1,251,122
• D) $776,538

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Definitions:

Trait

A distinguishing quality or characteristic, typically belonging to an individual.

Behavior

The behavior or responses of a person or group when influenced by external or internal factors.

Power-Influence Processes

Strategies or mechanisms by which individuals or groups exert control and influence decision-making within organizations.

Substantial Convergence

A significant coming together of ideas, paths, or trends toward a common point or agreement.