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3. Robert, age 54, earns $325,000 per year and is a participant in his employers 401(k) plan. What is the maximum amount that Robert may

3. Robert, age 54, earns $325,000 per year and is a participant in his employers 401(k) plan. What is the maximum amount that Robert may defer under the 401(k) plan in 2022?

a. $61,000 b. $27,000 c. $20,500 d. $6,500

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