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23. Grayson works for a small business.His employer establishes a SIMPLE IRA for each employee's retirement.What retirement plan are contributions to a SIMPLE IRA made?

23. Grayson works for a small business.His employer establishes a SIMPLE IRA for each employee's retirement.What retirement plan are contributions to a SIMPLE IRA made?

a) A traditional IRA

b) A Roth IRA

c) A designated SIMPLE IRA plan

d) A 401(k) plan

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