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Merrill Is a Participant in a SIMPLE § 401(k)plan,and He

Question 19

Multiple Choice

Merrill is a participant in a SIMPLE § 401(k) plan,and he elects to contribute 4% of his $40,000 compensation to the account,while his employer contributes 3%.What amount will vest immediately,if any?


A) $0
B) $1,200
C) $1,600
D) $2,800
E) None of these

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