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Marleen, who is 37 years old, is an employee of Zcrypt, Inc. (Zcrypt). Zcrypt sponsors...

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Question

Accounting

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 Marleens 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.

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