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O A. Defined contribution plan contributions are limited to the lesser of S225,000 or 25% of an employee's compensation O B. Defined contribution plan contributions
O A. Defined contribution plan contributions are limited to the lesser of S225,000 or 25% of an employee's compensation O B. Defined contribution plan contributions are limited to the lesser of 556,000 or 100% of an employee's compensation O c. If an employer has more than one type of qualified plan, a maximum deduction of 100% of compensation is allowed OD. Defined benefit plans are limited to an annual benefit to an employee of the lesser of $56,000 or 100% of the employee's average compensation for the highest three years Which of the following statements is correct regarding limitations on employer's contributions to qualified retirement plans in 2019 O A. Defined contribution plan contributions are limited to the lesser of $225,000 or 25% of an employee's compensation O B. Defined contribution plan contributions are limited to the lesser of $56,000 or 100% of an employee's compensation O C. If an employer has more than one type of qualified plan, a maximum deduction of 100% of compensation is allowed OD. Defined bent plans are in to an annual benefit to an employee of the lesser of $56.000 of 100% of the employee's average compensation for
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