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    Essentials of Federal Taxation
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    Exam 5: Gross Income and Exclusions
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    Employees Who Are at Least 50 Years Old at the End
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Employees Who Are at Least 50 Years Old at the End

Question 115

Question 115

True/False

Employees who are at least 50 years old at the end of the year are allowed to contribute more to their 401(k)accounts than employees who are not 50 years old by year-end.

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