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Parker, age 51, earns $300,000 annually from Infinity, which sponsors a SIMPLE, and matches all...

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Accounting

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Parker, age 51, earns $300,000 annually from Infinity, which sponsors a SIMPLE, and matches all employee deferrals 100% up to a 3% contribution. What is the maximum total contribution to Parker's account in 2020, including both employee and employer contributions? a. $22,200. b. $22,500. c. $25,050. d. $25,500

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