Question

Latasia's annual salary is $66,410, and she maes 401K contributions. Her company will match 50% of the amount she saves up to 8%. If she contributes 10% of her salary to her 401K, how much does her company contribute to her 401K?

Answer 1

Her company matches 50% of up to 8% of her salary. 8% of $66,410 is $66,410 × 0.08 = $5,312.80.
The match is 50% of that: $5,312.80 × 0.5 = $2,656.40.

So the company contributes $2,656.40.