rylies gross paycheck amount is $1305.60. she has 4% deducted from her paychecks for her 401(k). her…

rylies gross paycheck amount is $1305.60. she has 4% deducted from her paychecks for her 401(k). her employer matches her deduction, up to 4%. how much is deducted from her paycheck for her retirement plan? $26.11 $52.22 $104.44 $522.24

rylies gross paycheck amount is $1305.60. she has 4% deducted from her paychecks for her 401(k). her employer matches her deduction, up to 4%. how much is deducted from her paycheck for her retirement plan? $26.11 $52.22 $104.44 $522.24

Answer

Answer:

B. $52.22

Explanation:

Step1: Identify the formula

Deduction = Gross pay × Deduction rate

Step2: Substitute values

Deduction = $1305.60×0.04

Step3: Calculate result

$1305.60×0.04 = 52.224\approx52.22$