What is the employers 401k expense


Question: An employer offers a 401(K) plan to its employees. The company will match the employee's contribution up to a maximum of 5% of compensation. Fred earns a salary of $3,000 per month. In March, he contributed $500 to the 401(k) plan. What is the employer's 401(k) expense for March related to Fred? Select one: A. $500 B. $1,000 C. $300 D. $150

 

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Accounting Basics: What is the employers 401k expense
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