$170.28 is deposited into Bo's 403(b) each payday.
First, divide 45408 by 24 because he is paid twice a month to find his paycheck. It is 1892.
Now, he has 6% deducted, so that is 113.52 (0.06 x 1892).
The company only matches 3%, half of 6%, of his deduction.
113.52 / 2 = 56.76.
His total contribution will be:
56.76 + 113.52 = 170.28
