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Posted on Aug 30, 2024

A firm can pay no more than $ 5 , 5 0 0 , 0 0 0 in tax deferred contributions to its 4 0

A firm can pay no more than $

5, 500, 000

in tax deferred contributions to its

401 k

plan on behalf of employees in

2023 .

How much did the firm pay in total compensation to its employees in

2023 ?

Round to the nearest whole dollar.

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