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Generous Corporation provides a SIMPLE plan for its employees. Under the plan, employees can contribute up to 6% of their salary, and Generous Corporation will
- Generous Corporation provides a SIMPLE plan for its employees. Under the plan, employees can contribute up to 6% of their salary, and Generous Corporation will match each employees contribution up to 3% of the employees salary. Erika is an employee of Generous Corporation and elects to contribute 6% of her $60,000 salary to the SIMPLE plan. What is the total contribution made to her SIMPLE account?
- $12,500.
- $5,400.
- $3,600.
- $1,800.
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