Question: explanation needed. ABC Inc. sponsors a defined contribution plan. Seth, age 39, has compensation of $150,000 for the year. ABC has made a $20,000 profit

explanation needed.

ABC Inc. sponsors a defined contribution plan. Seth, age 39, has compensation of $150,000 for the year. ABC has made a $20,000 profit sharing plan contribution for Seth and $5,000 of plan forfeitures were allocated to Seth'sprofit sharingplan during the year. How much can Seth defer into his CODA plan (401(k) plan) for 2019?

a.$19,000

b.$25,000

c.$31,000

d.$36,000

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