Why does the government provide income tax advantages to employees and employers who

Social Security should be the only source at retirement.

People cannot take care of themselves

Encourage retirement savings

Because they have to

Avengers Endgame Inc, sponsors a qualified defined benefit pension plan. The plan is covered by the Pension Benefit Guaranty Corporation.

The company also has a a qualified profit$-$sharing plan. The company's annual covered compensation is $$1,250,000.$ Their actuary has

determined that a $$300,000$ contribution must be made to the defined benefit plan for the year to meet the minimum funding requirements. If

Avengers Endgame would like to contribute the maximum to their defined contribution plan for the year, how much could they contribute to

the defined contribution plan?

$$250,000$

$$300,000$

$$312,500$

$$275,150$