How much will Stella Brown actually receive refunded if she has a total excess contribution of $4,300 of matching contributions and $700 of allocable earnings with 60% vesting?

To determine how much Stella Brown will actually receive refunded, we need to look at both the excess contributions and the vesting percentage.

Stella has a total excess contribution of $4,300 in matching contributions and $700 in allocable earnings. However, the refund amount is impacted by the vesting percentage of 60%.

The matching contribution refund amount will take into account the vesting percentage, which means she will only receive a portion of the excess contributions that corresponds to this percentage.

First, we calculate the vested portion of the contributions:

• Vested matching contributions: $4,300 * 60% = $2,580

Next, we also consider the allocable earnings. The earnings of $700 are fully refundable since earnings typically do not have vesting applied to them.

Thus, we add the fully refundable earnings to the vested contributions:

• Total refund = Vested contributions + Allocable earnings

• Total refund = $2,580 + $700 = $3,280

However, it seems the question is seeking the total after considering the refunds available. With only the excess contributions being refundable at the vested rate provided, the correct calculation shows the total likely being $3,000, as presented in the choices