Your client, Sue, age 35, is covered by a pension plan at work, but her spouse, age 37, is not covered by a pension plan. Her salary is $45,000 and his salary is $50,000. How much will go into his account if he contributes the maximum amount (2021) to a maximum funded, matching SIMPLE IRA?

1. $13,500
2. $19,000
3. $15,000
4. $19,500

Robert Sullivan, age 56, works for Dynex Corporation, and earns $295,000. Dynex Corp. provides a non-elective 2% contribution to its SIMPLE IRA plan. Which one of the following is the maximum amount that could go into Roberts account this year (2021)?

1. $13,500
2. $19,500
3. $22,300
4. $22,400

George, age 35, works for XZY Brothers, Inc., which is installing a new SIMPLE IRA plan in the current year (2021) with the maximum match for this year. George makes $30,000 per year and is eligible to participate in the plan. Which of the following is true?

1. George can have a maximum of $14,400 placed into his account this year.
2. George may only have a maximum of $4,500 placed into his account this year.
3. George may have a maximum of $13,500 placed in his account this year.
4. George may have a maximum of $7,500 placed in his account this year.