Question 40 of 50. cmma is a sole proprietor with one employee. She maintains a SIMPLE IRA in which she matches salary reduction contributions at the rate of 3% of the employee's compensation. Emma's own salary reduction contribucion Ana ner own employer match are both reported on Form 1040. The matching contribution she makes to her employees SIMPLE IRA is reported on Schedule C. na ner own employer match are both reported on Form 1040. The matching contributions she makes for hersen and on behalf of her employee, as well as the employee's elective deferrals, are all reported on Schedule And employer matching contributions are reported on Schedule C because she has an employee Question 37 of 50. At age 50, Ronin began receiving payments under a dis over his life. He had no basis in the account. At age 5 to receive the remaining benefits in a lump sum of $115.000. The amount of his to early distribution penalty is O $0 O $10,000 9 payments under a distribution method that provides for substantially equal payments is in the account. At age 5 after he had received distributions totaling $10,000, he elected rump-sum of $115,000. The amount of his total distribution that is subject to the O $115,000 O $125,000 Mark for follow up