What Is the Maximum Contribution for Defined Contribution Plans in 2015

Multiple Choice

What is the maximum contribution for defined contribution plans in 2015?

A) Lesser of $50,000 or 50 percent of compensation
B) Lesser of $40,000 or 100 percent of compensation
C) Lesser of $53,000 or 100 percent of compensation
D) A flat $50,000
E) Contribution is based upon adjusted gross income