Chapter 15 Explanations - 1 Explanation A money purchase pension plan is a type of defined contribution plan For 2011 the deduction for contributions to

Chapter 15 Explanations - 1 Explanation A money purchase...

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2. Explanation: Assuming Deb is under age 50, the maximum 2011 SIMPLE IRA contribution is $11,950 (the lesser of 100% of compensation or $11,500, plus a 3% employer match). FFA EA Book Reference: CH 15 Retirement Plans Subsection: Retirement plans Subject: Plans for self-employed persons
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