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

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 the above.