Based on the given information the savings needed is 03 times to $100,000 or $3000. Where She earns 150 times 12 for a total of $1800.
A budget refers to making financial planning for the expenses that are going to occur and controlling the spending of an individual. The budget gives an estimate of the expenses.
If each employee gives 3% of their annual salary, the corporation will spend $100,000.The maximum her firm will contribute is this, thus she must contribute 3% of her salary to her 401(k) plan to qualify for her employer to match that sum.
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