Problem 11-34 (a) (L0.5) 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 $ 5,500 to his traditional IRA, and he can deduct $ 4,400 x 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 $ contribute $ 2,100 4,550 X. 2,800 X to his SIMPLE IRA account. His employer will . The amount that will vest immediately is $ Problem 11-34 (a) (L0.5) 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 $ 5,500 to his traditional IRA, and he can deduct $ 4,400 x 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 $ contribute $ 2,100 4,550 X. 2,800 X to his SIMPLE IRA account. His employer will . The amount that will vest immediately is $