Asher's gross annual income is $43,908 . he is paid monthly and has 6% deducted from his paychecks for his 401k. his employer matches his deduction, up to 4% . how much is deposited into asher's 401k each payday ? a.182.95 b. 292.72 c. 365.90 d. 439.08

Find Monthly Income

Gross Annually Income = $43 908
Gross Monthly Income = $43 908 ÷ 12
Gross Monthly Income = $3659


Paycheck deducted for 401k

6% of $3659
= 0.06 x 3659
= $219.54

Employer contribution to his 401k

4% of $2659
= 0.04 x 3659
= $146.36


Total contribution to his 401k

$219.54 + $146.36 = $365.90


$365.90 (Answer C)