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(d) Sandy’s gross annual income is $51,350. She is paid biweekly and has 5% deducted from her paycheck for her 403(b). Her employer matches her deduction, up to 4%. How much is deposited into Sandy’s 403(b) each payday?

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Based on the annual income, the payment period, and the amount deducted for the 403(b), the amount deposited into Sandy's 403(b) is $220.

How much is deposited into Sandy's 403(b)?

First find the biweekly income:

= 51,350 / (52 weeks / 2 )

= 51,350 / 21 weeks

= $2,445.24

5% is deducted from her wages and the employer matches 4% of the salary. The amount deposited is:

= (5% + 4%) x 2,445.24

= $220

Find out more on 403(b) at https://brainly.com/question/2908111.

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