Jason, age 52, is a highly compensated employee who earns $300,000 per year and is a participant
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Jason, age 52, is a highly compensated employee who earns $300,000 per year and is a participant in his employer’s 401(k). His employer also made a 20% profit sharing plan contribution during the year. Ignoring the ADP test requirements, what is the maximum amount that Jason can defer under the 401(k) during 2020?
Related Book For
Fundamentals Of Taxation 2015
ISBN: 9781259293092
8th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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