Terrell contributes to an employer-sponsored 401(k) plan. For the first 6% of
Terrell's salary, his employer matches 100% of his 401(k) contributions, and
from 6% to 12%, Terrell's employer matches 50% of his 401(k) contributions.
Terrell's salary is $40,000, and last year, he contributed $5000 to his 401(k)
plan. What was the total amount that was contributed to his 401(k) last year?
A. $5000
B. $6700
C. $8600
D. $3600