Question: 8 . If Mike were to set up a SIMPLE IRA for RBI, how much could he defer in terms of the deferral contribution in

8. If Mike were to set up a SIMPLE IRA for RBI, how much could he defer in terms of the deferral contribution in 2025?
a. $5,145.
b. $16,000.
c. $17,600.
d. $23,000.

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