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Question 2 Jennifer, age 54, earns $125,000 annually from ABC Incorporated. ABC sponsors a SIMPLE IRA and matches all employee deferrals 100% up to a

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Question 2 Jennifer, age 54, earns $125,000 annually from ABC Incorporated. ABC sponsors a SIMPLE IRA and matches all employee deferrals 100% up to a 3% contribution. Assuming Jennifer defers the maximum to her SIMPLE IRA what is the total contribution to the account in 2020 including both employee and employer contributions? $16.500 $26,000 $20.250 $13.500

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