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Peter, age 51, earns $300,000 annually from Infinity, which sponsors a SIMPLE, and matches all employee deferrals 100% up to a 3% contribution. What is

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Peter, age 51, earns $300,000 annually from Infinity, which sponsors a SIMPLE, and matches all employee deferrals 100% up to a 3% contribution. What is the maximum total contribution to Parker's account in 2019, including both employee and employer contributions? $21,400 $22.000 $24.400 $25,000

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