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John a 50 year old taxpayer, earned $40,000 in wages. What is the maximum deductible amount of contribution he can make to a section 401(k)
John a 50 year old taxpayer, earned $40,000 in wages. What is the maximum deductible amount of contribution he can make to a section 401(k) plan for 2019.
a) $19,000
B) $24,000
C) $25,000
D) $40,000
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