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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

  • taxes - ,

    Are you sharing information or do you have a question?

  • taxes - ,

    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:

    thank you

  • taxes - ,

    The vesting is all the employees contribution, and up to three percent as a employers contribution

    In this case, 40,000*(.06+.03)=3600

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