Math ! kristen's gross annual income is $47,208. she is paid semimonthly and has 6% deducted from her paychecks for her 403(b). her employer matches her deduction, up to 5%. how much is deposited into kirsten's 403(b) each payday? $98.35 $118.02 $196.70 $216.37

The amount deposited into Kristen's each payday is is 216.37

Kristen's gross annual income is $47,208.

Twice a month

semimonthly per year means

12(2)=24

She paid semimonthly,

47,208 / 24 = 1967  

6% deducted from her paychecks then,

1967 * 0.06 = 118.02

Her employer matches her deduction, up to 5% then,

1967 * 0.05 = 98.35

The amount deposited into Kristen's each payday is

118.02 + 98.35 = 216.37

Therefore,the amount deposited into Kristen's each payday is is 216.37

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