fte maximum yearly amount that an employee may contribute to a SIMPLE is:

Question

Quizplus · Accepted Answer

As of my last update, the maximum yearly amount an employee may contribute to a SIMPLE (Savings Incentive Match Plan for Employees) IRA is $13,500 for 2021, with a catch-up contribution limit of $3,000 for those 50 or older, making none of the provided options correct. However, the closest to the historical or future contribution limits is $11,500, which was the limit for earlier years. Contribution limits are subject to periodic adjustments for inflation.

Fte Maximum Yearly Amount That an Employee May Contribute to a SIMPLE