Duke is the plant manager for a manufacturing company and has an annual salary of $142,000. He
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Duke is the plant manager for a manufacturing company and has an annual salary of $142,000. He is 59 years old and wishes to maximize his contribution to his 401(k) plan. His employer has agreed to match his contributions up to 4% of his salary. What is the total amount that can be contributed to Duke’s 401(k) plan this year?
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Because Duke is age 50 or over he can con...View the full answer
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