Melissa's employer matches retirement funds 1: 2 up to 6% of salary. she makes $55,000 per year. how much should she contribute to the 401(k)?

$1100

Step-by-step explanation:

The employer contributes, along with Melissa, in the ratio of 1:2

Up to 6% of $55000, therefore 6/100 x 55000 = 3300

Split in the ratio of 1:2, she will contribute 1/3 of 3300 = 1100

and the employer will contribute 2/3 of 3300 = 2200