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

  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    switch
    default userpic

    Your reply will be screened

    Help
  • 3 comments