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Posie Is an Employee of Geiger Technology and Earns $90,000

Question 71

Multiple Choice

Posie is an employee of Geiger Technology and earns $90,000 in 2016.The maximum amount Geiger can contribute to a profit sharing plan on behalf of Posie is


A) $6,000
B) $13,500
C) $22,500
D) $25,000
E) $49,000

Correct Answer:

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