If a contribution is made to a qualified plan which exceeds the maximum allowed by law, the excess contribution is subject to a _________ percent excise tax.

Name: If a contribution is made to a qualified plan which exceeds the maximum allowed by law, the excess contribution is subject to a _________ percent excise tax.
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Excess contributions to a qualified plan are subject to a 6 percent excise tax. This is designed to discourage contributions that exceed the annual limits set by tax law.

If a Contribution Is Made to a Qualified Plan Which