Question: Based on the following information, determine the maximum loan amount available as of May 31, 2021. The plan allows for two outstanding loans at a

Based on the following information, determine the maximum loan amount available as of May 31, 2021.

The plan allows for two outstanding loans at a time.

The participant took a loan of $35,000 on October 1, 2020.

The participant's outstanding loan balance is $0 as of May 15, 2021. T

The participant's vested account balance is $80,000

Answers: $0, $15,000, $35,000, or $40,000?

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