A person earning $50,000 a year contributes 10% of her income to her retirement plan. As a result, her employer matches up to 5% of her salary as a contribution. What will be the total contribution to her retirement plan account for one year?

Last updated: 7/20/2022

A person earning $50,000 a year contributes 10% of her income to her retirement plan. As a result, her employer matches up to 5% of her salary as a contribution. What will be the total contribution to her retirement plan account for one year? $5,000 $5,250 $7,500 $10,500