Question: Can someone help with answering this question? I'm being told that my selection is incorrect. Am I missing something here? 26. Going Higher Construction sponsors

Can someone help with answering this question? I'm being told that

Can someone help with answering this question? I'm being told that my selection is incorrect. Am I missing something here?

26. Going Higher Construction sponsors a 401(k) profit sharing plan. For 2019, Going Higher Construction contributed 10% of each employee's compensation to the profit sharing plan. The ADP of the 401(k) plan for the NHC was 3.5%. If Bob, age 47, earns $100,000 and is the only Highly Compensated Employee, what is the amount that he may defer into the 401(k) plan for 2019? a. $0 b. $5,500. C. $19,000. d. $25,000

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