Sally makes $74,500 per year. Her company offers a 401K retirement Plan in which they match 50% of her contributions to the 401K up to
5% of her salary. The company allows employees to make contributions to the 401K to a maximum of 16% of their Salary. The maximum
allowable contribution to any 401K is $22,000. If Sally only wants to contribute 5% of her salary in order to maximize her employer's
matching contribution, how much will be deposited into her 401K account each month?
A. Calculate 5% of Sally's Salary. This is Sally's contribution. It must be less than the maximum that the company allows. Divide this value
by 12 to get his monthly contribution. Round to the nearest cent as needed.
B. Calculate 50% of Sally's Contribution. This is the company's contribution. Round Answer to the nearest cent as needed.
C. Add Sally's and his company's monthly contribution together. This is how much will be deposited to her 401K account each month.

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