1. George, age 55, earns $250,000 and participates in his employer's SIMPLE IRA. The employer match is on a dollarfor dollar basis, up to 3% of each participating employee's compensation for the year.. What is the maximum amount of employee and employer contributions that can be contributed to George's account in 2015?
2. In 2015, Bland Foods, Inc., employed 35 people. What percentage is the deductible employer share of payroll taxes on employee earnings in 2015?