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D has a SIMPLE plan through his employer, HuRWi. All of the following could be true about D or HuRWi EXCEPT?
Options
a. D earns 49,000/year.
b. If D is the owner, he could invest up to $12,000 in the SIMPLE Plan.
c. HuRWi employees 249 people.
d. HuRWi must make a matching contribution up to 3% of D’s annual compensation, or 2% of His compensation if D does not himself contribute to the plan.
Answer: C
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