Jaime’s employer contributes to the employees’ 401(k) plans as part of a benefit package. the company will match up to 4% of an employee’s salary. suppose jaime’s salary is $54,000 per year, and they allow him to make contributions to his 401(k) to a maximum of 12% of his salary. the minimum amount that jaime should contribute each month to maximize his employer’s contributions is % of his salary, or $ a month.

Step-by-step explanation:

If the employer matches up to 4% of Jaime's salary,

first thing is to find what that percentage adds up to;

Jaime's total salary = $54,000

4% of the total = 0.04*54,000 = $2,160 per year

If the employer matches a dollar for dollar, Jamie will have an additional $2,160 from his employer's contribution in 1 year

Next,

Find Jamie's contribution per month; 2,160/12 = $180

Therefore, to maximize his employer's contribution, he needs to contribute $180 per month

n

step-by-step explanation:

set each factor equal to 0

4x-3 = 0

2x-1 = 0

solve for x.

4x-3=0

4x=3

x= 3/4

solve for x. 

2x-1= 0

2x= 1

x= 1/2

eventually after a few more steps, your answer should be 1/2 is less than or equal to x and 3/4 is greater than or equal to x