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Luna, a 50-year-old taxpayer, earned $52,000 in wages. What is the maximum deductible amount of contribution she can make to a Section 401(k) plan for

Luna, a 50-year-old taxpayer, earned $52,000 in wages. What is the maximum deductible amount of contribution she can make to a Section 401(k) plan for 2021?

a. $19,500

b. $25,500

c. $26,000

d. $52,000

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