Including both employee and employer contributions

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Reference no: EM131523971

Jennifer, age 54, earns $125,000 annually from ABC Incorporated. ABC sponsors a SIMPLE, and matches all employee deferrals 100% up to a 3% contribution. Assuming Jennifer defers the maximum to her SIMPLE, what is the total contribution to the account in 2016 including both employee and employer contributions?

(a) $15,500.

(b) $16,250.

(d) $19,250.

Reference no: EM131523971

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