What is the maximum contribution zcrypt can make

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Reference no: EM131867518

Question - Marleen, who is 37 years old, is an employee of Zcrypt, Inc. (Zcrypt). Zcrypt sponsors a SEP IRA and would like to contribute the maximum amount to Marleen's account for the plan year. If Marleen earns $32,000 per year, what is the maximum contribution Zcrypt can make on her behalf to the SEP IRA?

a. $8,000.

b. $18,000.

c. $32,000.

d. $54,000.

Reference no: EM131867518

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