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Crowne, a manufacturing company, sponsors a qualified defined benefit pension plan covered by the PBGC and a qualified profit - sharing plan. Crowne's annual covered
Crowne, a manufacturing company, sponsors a qualified defined benefit pension plan covered by the PBGC and a qualified profitsharing plan. Crowne's annual covered compensation is $ and the actuary has determined that a $ contribution must be made to the defined benefit plan for the year to meet the minimum funding requirements. If Crowne would like to contribute the maximum to their defined contribution plan for the year, how much could Crowne contribute to the defined contribution plan?
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