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7) Your client, Jill, age 49 , earns $140,000 per year. For the year 2023 , her employer will contribute 4% of her salary in

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7) Your client, Jill, age 49 , earns $140,000 per year. For the year 2023 , her employer will contribute 4% of her salary in profit sharing contributions and will allocate $4,000 of plan forfeitures to her account. Calculate (a) the maximum that Jill can defer into her 401k plan in 2022 , and (b) the total EE and ER contributions into her 401k plan for 2023

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