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Jamilah is a member of the defined contribution pension plan sponsored by his employer. His contributions to the plan are based on 8.5% of his

Jamilah is a member of the defined contribution pension plan sponsored by his employer. His contributions to the plan are based on 8.5% of his salary; his employer makes a matching contribution. If Jamilah earns a basic salary of $160,500 and the money purchase limit for the year is $27,230, what is the MAXIMUM combined contribution that can be made to the RPP on behalf of Jamilah? a) $13,643 b) $24,270 c) $27,230 d) $27,285.

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