Monarch Machines sponsors a 15% money purchase pension plan and 401(k) profit sharing plan in which the employees are permitted to defer up to 75% of their compensation. Monarch Machines matches employee deferral contributions 100% up to 6% of deferred compensation. If James, age 31, is a highly compensated employee who earns $200,000, what is the maximum he could receive as an employer match in 2016 from Monarch if the ADP of the NHC is 4%?

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Answerc 11500 The maximum amount that may be contributed ... View the full answer