9. Emily, Jack, and Colin are owners in their family business-Water Solutions, LLC. Emily and Jack are married and Colin is their 25-year-old son. The employee census information is in the chart below. What is the most that could be contributed to a profit sharing plan and deducted by Water Solutions, LLC if they established a profit sharing plan (ignoring any issues with salary deferrals)? Employee Ownership Salary Deferral Plan Balance Status Emily 30 $330,000 $20,000 $400,000 Officer Jack 3 $210,000 $20,000 $600,000 Colin $80,000 $10,000 $150,000 Dave $180,000 $15,000 $150,000 Officer Erin $140,000 $15,000 $100,000 Frank $50,000 $8,000 $50,000 Ginger $40,000 $0 $10,000 Haley $30,000 $2,000 $30,000 Irish $20,000 $1,000 $10,000 Jen OOO O O O O A $20,000 $0 $5,000 $1,100,000 $91,000 $1,505,000 a. $187,500 b. $252,250 c. $261,250 d. $275,000