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Marleen, who is 37 years old, is an employee of Zcrypt, Inc. (Zcrypt). Zcrypt sponsors a SEP IRA and would like to contribute the maximum amount to Marleen’s account for the plan year.

Marleen, who is 37 years old, is an employee of Zcrypt, Inc. (Zcrypt). Zcrypt sponsors a SEP IRA and would like

to contribute the maximum amount to Marleen’s account for the plan year. If Marleen earns $32,000 per year,

what is the maximum contribution Zcrypt can make on her behalf to the SEP IRA?

a. $8,000

b. $18,000.

c. $32,000.

d. $54,000.

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