In 2014,the maximum annual contribution to a SIMPLE pension plan for an employee under the age of 50 is:

Question

Quizplus · Accepted Answer

The maximum annual contribution to a SIMPLE pension plan for an employee under the age of 50 is $12,000 in 2014. Option A is the maximum contribution limit for a Traditional IRA or Roth IRA in 2014, option C is the maximum contribution limit for a 401(k) plan in 2014, and option D is the maximum contribution limit for a 401(k) plan in 2014 if you are over 50 and taking advantage of catch-up contributions.

In 2014,the Maximum Annual Contribution to a SIMPLE Pension Plan