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Jennifer, age 54 , earns $125,000 annually from ABC Inc. ABC sponsors a SIMPLE and matches all employee deferrals 100% up to a 3% of
Jennifer, age 54 , earns $125,000 annually from ABC Inc. ABC sponsors a SIMPLE and matches all employee deferrals 100% up to a 3% of compensation contribution. Assuming Jennifer defers the maximum to her SIMPLE, what is the total contribution to the account in 2021 including both employee and employer contributions? $13,500 $15,500 $20,250 $31,250 Step by Step Solution
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Fundamentals Of Financial Management
Authors: James C Van Horne
3rd Edition
0133393410, 978-0133393415
