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All of these statements for 2022 regarding age-based profit-sharing plans are correct, EXCEPT A) the plan favors younger employees. B) the maximum annual additions limit

All of these statements for 2022 regarding age-based profit-sharing plans are correct, EXCEPT

A) the plan favors younger employees.

B) the maximum annual additions limit is $61,000.

C) the maximum annual compensation considered is $305,000.

D) the participants compensation is adjusted by using a discount factor based on the participants age and the interest rate elected by the plan sponsor.

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