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A 55 year old employee, earning $50,000 per year is enrolled in only one 401k plan (a traditional 401k). What is the maximum tax deductible
A 55 year old employee, earning $50,000 per year is enrolled in only one 401k plan (a traditional 401k). What is the maximum tax deductible contribution she can make to her 401k in 2022?
Round to the nearest whole dollar.
Please answer correctly and explain each part. Thanks
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