Question: Jared, age 4 9 , earns $ 3 0 0 , 0 0 0 per yoar and is a participant in his employer's 4 0

Jared, age 49, earns $300,000 per yoar and is a participant in his employer's 401(K) plan lgnoring the ADP T requirements, what is the maximum amount that Jared can defer under the 401(k) plan durng 2025?
A $23,500
B. $31,000
C. $70,000
D $77,000
Jared, age 4 9 , earns $ 3 0 0 , 0 0 0 per yoar

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