2. Amy, age 53, is a participant in a noncontributory qualified profit sharing plan sponsored...

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Accounting

2. Amy, age 53, is a participant in a noncontributory qualified profit sharing plan sponsored by her employer. What is the maximum that may be contributed to Amys account by the employer for the 2022 plan year?

a. $61,000 b. $6,500 c. $20,500 d. $27,000

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