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Question 9: If a 401K retirement plan is set up in Human Resources, and the employer match percentage is 50%,what are the deduction and benefit percentage amounts entered in Payroll if the employee contributed
8%?
A. 8% deduction and no benefit
B. 8% deduction and 4% benefit
C. 4% deduction and 8% benefit
D. 4% deduction and 4% benefit
Correct Answer: B
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