Nour is lucky that her company offers a Defined Contribution Pension Plan $($DCPP$)$ for which she has joined as of January $1,2023.$ Nour did not make any contributions as the plan does not allow but her employer contributed $$4,000$ to her DCPP in $2023.$ In $2023,$ Nour's gross annual salary was $$120,000$ while in $2024$ it is $$130,000.$ What is Nour's $2024$ Contribution Limit? $($ignore carry forward amounts$)$

Nour knows that the formula is:

The lower of:

$18\%$ x the previous year's earned income or $$32,490($Money Purchase Limit$)$

Less:

Previous year's Pension Adjustment

Equals:

Contribution Limit for $2024$

Question $55$Select one:

a$.$

$$15,400$

b$.$

$$23,400$

c$.$

$$18,000$

d$.$

$$19,400$

e$.$

$$17,600$