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  3. joy, a 55 year old taxpayer, receives $20,500 in w

joy, a 55 year old taxpayer, receives $20,500 in wages. she has no other income....

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Question

Accounting

joy, a 55 year old taxpayer, receives $20,500 in wages. she has no other income. the maximum contribution she may make to her 401(k) plan in 2020 is ________?

a. 19500

b. 20500

c. 23000

d. 24500

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