Jared age 54 earns 300000 per year and is a participant in, Ask an Expert

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Jared, age 54, earns $300,000 per year and is a participant in his employer's 401(k) plan. Ignoring the ADP Test requirements, what is the maximum amount that Jared can defer under the 401(k) plan in 2016?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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