Question

Betty earns $100,000 working as a part-time lawyer in New Orleans. The companyprovides a matching contribution in the 401(k) plan of 50% up to a maximum contributionof 4% of compensation. Her 401(k) plan account had $60,000 in it at the beginning of theyear. She contributed $15,000 to the plan this year, and the employer made thematching contribution before year-end. The ending balance of the account is $100,000.What is her return on investments this year?

Answer 1

Answer:

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Explanation:

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