Harper, age 45, earns $300,000 annually from Atlas, which sponsors a SIMPLE, and the required non- elective contribution to all eligible employees. What is the maximum total contribution to Harper's account in 2020, including both employee and employer contributions? a. $19,200. b. $19,500. c. $22,050. d. $22,500.

Harper, age 45, earns $300,000 annually from Atlas, which sponsors a SIMPLE, and the required non- elective contribution to all eligible employees. What is the maximum total contribution to Harper's account in 2020, including both employee and employer contributions? a. $19,200. b. $19,500. c. $22,050. d. $22,500.

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter19: Deferred Compensation

Section: Chapter Questions

Problem 16CE

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