Ellis Donnelly
03/30/2023 · Middle School
Last year, a janitorial supervisor had a gross income of \( \$ 34,100 \), of which he contributed \( 8 \% \) to his \( 401(\mathrm{k}) \) plan. If he got paid bimonthly, how much was deducted from each paycheck for his \( 401(\mathrm{k}) \) plan? A. \( \$ 113.67 \) B. \( \$ 227.33 \) C. \( \$ 389.71 \) D. \( \$ 52.46 \)
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The deduction from each paycheck for the 401(k) plan is approximately \( \$ 113.67 \).
Therefore, the correct answer is A. \( \$ 113.67 \).
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