Business, 09.12.2021 14:50 arirodriguezc5854
Milton, age 38, earns $170,000 per year. His employer, Dumaine Consulting, sponsors a qualified profit-sharing 401(k) plan and allocates all plan forfeitures to the remaining participants. If in the current year, Dumaine Consulting makes a 20% contribution to all employees and allocates $4,000 of forfeitures to Milton's profit-sharing plan account, what is the maximum Milton can defer to the 401(k) plan in 2021
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Milton, age 38, earns $170,000 per year. His employer, Dumaine Consulting, sponsors a qualified prof...
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