Question: 1.For profit sharing plans, the current maximum deductible contribution is equal to: A.5% of annual compensation of participants. B.10% of annual compensation of participants. C.15%

1.For profit sharing plans, the current maximum deductible contribution is equal to:

A.5% of annual compensation of participants.

B.10% of annual compensation of participants.

C.15% of annual compensation of participants.

D.20% of annual compensation of participants.

E.25% of annual compensation of participants.

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