In $2023,$ what is the maximum amount an employee under the age of $50$ may contribute to @The maximum amount of elective deferrals possible in $2023$ to a traditional profit$-$sharing Section $401($k$)$ plan for an individual under age $50$ is $$22,500($it is $$30,000$ for an individual age $50$ or older$).$ The lesser amount of $$15,500$ applies to the SIMPLE $401($k$)$ and SIMPLE IRA. Finally, SECURE $2\mathrm{.}0$ allows Roth contributions to SIMPLE $401($k$)$s and SIMPLE IRAs for $2023$ and later.

a traditional Section $401($k$)$ plan as an elective deferral?

Question $15$ options:

a$)$

$$15,500$

b$)$

$$22,500$

c$)$

$$30,000$

d$)$

The lesser of $100\%$ of compensation or $$66,000$ annually