What is the maximum amount that jason can defer

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Reference no: EM131959411

Jason, age 52, is a highly compensated employee who earns $300,000 per year and is a participant in his employer's 401(k) . His employer also made a 20% profit sharing plan contribution during the year.

Ignoring the ADP test requirements, what is the maximum amount that Jason can defer under the 401(k) during 2016?

Reference no: EM131959411

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