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Angelo is employed by the Main Monkey Business Talent Agency and is part of the deferred profit sharing plan (DPSP) sponsored by the company. Last

Angelo is employed by the Main Monkey Business Talent Agency and is part of the deferred profit sharing plan (DPSP) sponsored by the company. Last year his earnings were $66,950; this year his earnings will be $87,400. If the money purchase limit for the year is $26,230, what is the MAXIMUM contribution that can be made to the DPSP this year on behalf of Angelo?

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