Lou’s gross annual income is $41,028. He is paid biweekly and has 4% deducted from his paychecks for his 401(k). His employer matches his deduction, up to 3%. How much is deposited into Lou’s 401(k) L

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Lou’s gross annual income is $41,028. He is paid biweekly and has 4% deducted from his paychecks for his 401(k). His employer matches his deduction, up to 3%. How much is deposited into Lou’s 401(k)

Lou’s gross annual income is $41,028. He is paid biweekly and has 4% deducted from his paychecks for his 401(k). His employer matches his deduction, up to 3%.

How much is deposited into Lou’s 401(k) each payday?

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