Question: Mikail, a 5 5 - year - old taxpayer, receives $ 2 3 , 5 0 0 in wages. He has no other income. The

Mikail, a 55-year-old taxpayer, receives $23,500 in wages. He has no other income. The maximum contribution he may make to his 401(k) plan in 2025 is:
$19,500
$22,500
$23,500
$31,000

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