Lydia's salary is \( \$ 60,530 \), and she makes 401 K contributions. She saves \( 7 \% \) of her salary and her company will match \( 50 \% \) of her \( 7 \% \) contribution. How much does her company contribute to her 401 K ? (1 point) \( \$ 2,118.55 \) \( \$ 4,237.10 \) \( \$ 6,795.10 \) \( \$ 8,474.20 \)

To calculate how much Lydia's company contributes to her 401(k), we first need to determine how much Lydia contributes. Lydia saves \( 7\% \) of her salary: \[ \text{Lydia's contribution} = 0.07 \times 60,530 = 4,237.10 \] Now, we find the company's contribution, which is \( 50\% \) of Lydia's contribution: \[ \text{Company's contribution} = 0.50 \times 4,237.10 = 2,118.55 \] So, Lydia's company contributes \( \$2,118.55 \) to her 401(k). **Final Answer: \( \$ 2,118.55 \)**