Joshua is 53 years old, is married (files a joint tax return), and works for the Butte

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Joshua is 53 years old, is married (files a joint tax return), and works for the Butte Corporation. Joshua’s compensation from Butte is $200,000. Butte contributed $20,000 to his defined contribution plan in 2020. What is the maximum Joshua is able to contribute to his 401k plan in 2020?

Posted Date: Dec 13, 2021 01:54 PM

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Joshua is 53 years old, is married (files a joint tax return), and works for the Butte

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For the 401K plan 2020 Maximum Contributuon were 19500 If age is 50 or older so the employee ca... View the full answer

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