What is the maximum tax-deferred contribution that can be made to a Section 401(k) plan by an

Question:

What is the maximum tax-deferred contribution that can be made to a Section 401(k)
plan by an employee under age 50 in 2020?
a. $19,000
b. $20,000
c. $19,500
d. $26,000
e. $56,000

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