Will Works for Micro Lance Computer Company and Participates in Its

Multiple Choice

Will works for Micro Lance Computer Company and participates in its thrift and savings plan.For every $1.00 Will contributes to the plan,up to 5 percent of his salary,the company contributes $0.25.If Will's salary is $40,000 and he decides to maximize the matching contributions,how much will be contributed to Will's plan in a year by both the employer and Will?

A) $4,000
B) $3,500
C) $2,500
D) $2,000
E) $1,000