Multiple Choice
The maximum contribution for a defined benefit plan is lesser than $210,000 2007, adjusted for inflation or
A) One hundred percent of average compensation for three highest consecutive years
B) One hundred and fifty percent of average compensation for three highest consecutive years
C) One hundred and twenty five percent of average compensation for three highest consecutive years
D) One hundred and twenty five percent of average compensation for two highest consecutive years
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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