Washington 12/05/2016 @ 12:08PM 51,084 views. How Defense Secretary James 'Mad Dog' Mattis Will Remake The Pentagon. President-elect Donald J. Trumpâs disclosure that he will seek to name retired Marine Corps General James N. Mattis as the next Secretary of Defense portends big changes at the Pentagon.
For example, if the company agrees to match 65 percent of employee contributions, divide 65 by 100 to get 0.65. 4. Multiply the matching rate by the smaller of the total contributions made by the employee or the maximum contribution subject to matching to calculate the employer matching contribution. Finishing this example, multiply 0.65 by $4,200 to find the companyâs matching contribution equals $2,730.
The matching principle is one of the basic underlying guidelines in accounting. The matching principle directs a company to report an expense on its income statement in the same period as the related revenues. To illustrate the matching principle, let's assume that all of a company's sales are made through sales representatives (reps) who earn a 10% commission.