Posted by Anonymous on .
kaysia participates in a SIMPLE plan provided by her employer. In 2011, she contributes 6% of her $40,000 salary, and her employer contributes 3% to the plan
Are you sharing information or do you have a question?
sorry... I never used this site before. It is a problem I am trying to solve
The question would be what amount of the contributions will be vested in her account at the end of 2011? I come up with 1,200
the choices are:
The vesting is all the employees contribution, and up to three percent as a employers contribution
In this case, 40,000*(.06+.03)=3600