Assertion: total contribution | /r/HasProperty | made for the employee
Facets:
Source sentences:
text: Calculate 25% of each employee’s compensation (limited to $285,000 in 2020, $280,000 in 2019 and $275,000 in 2018) and compare the total contribution made for the employee to the lesser of that amount or the dollar limitation for that year ($57,000 for 2020, $56,000 for 2019 and $55,000 for 2018).
text: Contributions to the SEP-IRA exceeded the maximum legal limits Determine the total contribution made for each employee and make sure that amount does not exceed the lesser of: