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A 59 year old employee, earning $60,000 per year is enrolled in only one 401K plan (a traditional 401K). What is the maximum tax deductible

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A 59 year old employee, earning $60,000 per year is enrolled in only one 401K plan (a traditional 401K). What is the maximum tax deductible amount this employee can contribute to his 401K in 2023? $22,500$60,000$27,000$30,000

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