Many employers have a formula matching employee contributions. Suppose a business owner offers employees a match plan of

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answerhappygod
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Many employers have a formula matching employee contributions. Suppose a business owner offers employees a match plan of

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Many employers have a formula matching employee contributions.
Suppose a business owner offers employees a match plan of: 50% on
the first 6% up to a maximum of $5,000. If the individual
earns $100,000 annually and contributes 10% of their salary to
their 104(k) plan, how much would the employer contribute?
Show your work.
Be specific !!
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