Cecil, aged 45, is unmarried and is an active participant in a qualified retirement plan. His modified AGI (and compensation) is $70,000 in 2018.

Click here to access Exhibit 11.3. Do not round intermediate computations.

a. Cecil can contribute $ to his traditional IRA, and he can deduct $ .

b. Assume instead that Cecil is a participant in a SIMPLE IRA and that he elects to contribute 5% of his compensation to the account, while his employer contributes 3%.

Cecil will contribute $ to his SIMPLE IRA account. His employer will contribute $ . The amount that will vest immediately is $ .