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Maxine, age 35, earns $200,000 annually from ABC Incorporated. ABC sponsors a SIMPLE, and matches all employee deferrals 100% up to a 3% contribution. What is the maximum employee deferral contribution
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Maxine, age 35, earns $200,000 annually from ABC Incorporated. ABC sponsors a SIMPLE, and matches all employee deferrals 100% up to a 3% contribution. What is the maximum employee deferral contribution to Maxine’s SIMPLE account for this year?

User SimpleBinary
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1 Answer

3 votes

Answer:

$12,500.

Step-by-step explanation:

Please see attachment.

Maxine, age 35, earns $200,000 annually from ABC Incorporated. ABC sponsors a SIMPLE-example-1
User NotARobot
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