Question: Joshua is 53 years old, is married (files a joint tax return), and works for the Butte Corporation. Joshuas compensation from Butte is $200,000. Butte

Joshua is 53 years old, is married (files a joint tax return), and works for the Butte Corporation. Joshua’s compensation from Butte is $200,000. Butte contributed $20,000 to his defined contribution plan in 2020. What is the maximum Joshua is able to contribute to his 401k plan in 2020?

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