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    Federal Taxation
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    Exam 19: Deferred Compensation
  5. Question
    A Defined Benefit Plan Must Reduce the $215,000 (In 2017)
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A Defined Benefit Plan Must Reduce the $215,000 (In 2017)

Question 95

Question 95

True/False

A defined benefit plan must reduce the $215,000 (in 2017) maximum benefits payable by one-tenth for each year of participation under 10 years that an employee has performed.

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