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Business, 04.12.2019 00:31 dontcareanyonemo

Carrie, age 55, is an employee of rocket, inc. (rocket). rocket sponsors a sep ira and would like to contribute the maximum amount to carrie’s account for the plan year. if carrie earns $14,000 per year from rocket, what is the maximum contribution rocket can make on her behalf to the sep ira?

a. $3,400.
b. $3,500.
c. $3,500 plus a catch up of $6,000.
d. $53,000.

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