Question: Marla, 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
Marla, 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 Marlas SIMPLE account for 2021?
a.
$13,500
b.
$17,250
c.
$18,500
d.
$20,250
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
