If John invests 6% of his paycheck into a 401(K), and his employer offers to match 4%, a total of 10% is being added to the 401(K) relative to his paycheck. Therefore, the option C holds true.
What is the significance of a paycheck?
A paycheck is referred to as a slip or bill of instrument ensuring a payment to an employee for the services he or she has offered to the employer for the given amount of period. A 401(k) account is created and contribution is done by the employer and employee in proportion to the paychecks.
In a situation where John contributes 6% to his 401(k) account and employer offers to match 4% of contribution relative to his paycheck, the total contribution becomes 4+6 = 10% relative to the paycheck of John. Thus, a total of 10% is being added to his 401(k) account.
Therefore, the option C holds true regarding a paycheck.
Learn more about a paycheck here:
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