What is the MAXIMUM amount Force Ten can contribute

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Question - Zahra is a member of the DPSP sponsored by her employer, Force Ten Inc. Employer contributions to the plan are based on 2.25% of the annual profits of the company which for this year amounted to $930,000. If Zahra earns $75,000 and the money purchase limit for the year is $25,370, what is the MAXIMUM amount Force Ten can contribute to the DPSP on behalf of Zahra?

Reference no: EM133171295

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