A participant, who is age 38, in a cash or deferred arrangement plan [§ 401(k)] may contribute up to what amount in 2012?
A)$12,000.
B)$16,500.
C)$17,000.
D)$17,500.
E)None of the above.

Name: A participant, who is age 38, in a cash or deferred arrangement plan [§ 401(k)] may contribute up to what amount in 2012? A)$12,000. B)$16,500. C)$17,000. D)$17,500. E)None of the above.
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Question

Quizplus · Accepted Answer

In 2012, the maximum contribution limit for a 401(k) plan for individuals under the age of 50 was $17,000.

A Participant, Who Is Age 38, in a Cash or Deferred