E.G. (elainegrey) wrote,
E.G.
elainegrey
" This contribution will be an amount equal to 35% of your Pre-Tax Contributions and After-Tax Contributions up to 6% of the sum of your Pre-Tax Contributions and After-Tax Contributions for each payroll period up to the amount limited by Federal tax law."

This doesn't make sense to me. Let's say i contribute X pretax and Y aftertax. I think they are saying that they will contribute 35% X + 35% Y . And they are saying they will contribute no more than 6% of (X+Y).

But but ... but...

But 35% X + 35% Y is 35% (X+Y). which is much bigger than 6% (X+Y)

Am i just being daft?

Tags: random
Subscribe

  • (f&f, garden)

    Friday i didn't have the best work day. I feel like i was still responding to the visit with J--. Saturday we were partly preparing for B--'s…

  • f&f, household, health, us, covid-19

    I can't believe today is Friday. The week has flown by, with an undercurrent of urgency as my departure for Florida approaches, and social events…

  • (no subject)

    Happy image: i glanced up on Saturday and saw a great heron gliding across the bright blue sky, right past the crescent moon. Sunday to Monday night…

  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    switch
    default userpic

    Your reply will be screened

    Help
  • 3 comments