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Jared, age 54, earns $300,000 per year and is a participant in his employers 401(k) plan. Ignoring the ADP Test requirements, what is the maximum

Jared, age 54, earns $300,000 per year and is a participant in his employers 401(k) plan. Ignoring the ADP Test requirements, what is the maximum amount that Jared can defer under the 401(k) plan in 2020?

	A.	19,500
	B.	26000
	C.	57000
	D.	63500

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