Ted, age 47, works for a nonprofit organization with both a Section 403(b) and Section 401(k) plan.

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Ted, age 47, works for a nonprofit organization with both a Section 403(b) and Section 401(k) plan. In 2023, he contributes $9,000 to the Section 403(b) plan in before-tax elective deferrals. How much can Ted now contribute to the Section 401(k) plan in 2023? a.$22,500 b.$0 c.$13,500 d.$30,000

Posted Date: May 18, 2024 08:10 PM

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Ted, age 47, works for a nonprofit organization with both a Section 403(b) and Section 401(k) plan.

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