Nancy’s gross annual income is 46,905. she is paid monthly and has 9% deducted from her paycheck for her 403(b). her employer matches her deduction up to 3%

how much is deposited into her retirement plan each payday?

a)$234.52
b)$351.79
c)469.05
d)$703.58

Option C) $469.05

Step-by-step explanation:

Annual gross income of Nancy = $46,905

She is paid monthly and her monthly pay =

                                                                     = $3,908.75

The amount deducted from her paycheck under 403(b) = 9% of her monthly pay.

Her employer matches her deduction up to 3%.

9% from her pay + 3% of her pay by employer = Total monthly deposit into her 403(b)

Total deposit = 12% of 3908.75

                      = 0.12 × 3908.75

                      = $469.05

$469.05 is deposited into her retirement plan each payday.

the correct answer is d

hope this