Help Save&Exit Check m Ken is a self-employed architect in a small firm with four employees: himself, his office assistant, and worked for Ken full-time for the last four years. The office assistant earns $33,000 per year and each drafter earms $46,000 Ken's net earnings from self-employment (after deducting all expenses and one-half of self-employment taxes) are $316,000. Ken is considering whether to establish an SIMPLE plan and has a few questions. a. Is he eligible to establish an SIMPLE plan? b. Is he required to cover his employees under the plan? C. If his employees must be covered, what is the maximum amount that can be contributed on their behalf? d. If the employees are not covered, what is the maximum amount Ken can contribute for himself? e. If Ken is required to contribute for his employees and chooses to contribute the maximum amount, what is the maximum amount Ken can contribute for himself? (Hint Calculate the employee amounts first.) Ignore any changes in Ken's self-employment tax Complete the question by entering your answers in the tabs below Req a andb Req Req d and e a. Is he eligible to establish an SIMPLE plan? b. Is he required to cover his employees under the plan? a. Is he eligible to establish an SIMPLE plan? is he required to cover his employees under the Reqc > earch