A Participant,who Is Age 38,in a Cash or Deferred Arrangement

question 11

Multiple Choice

A participant,who is age 38,in a cash or deferred arrangement plan [§ 401(k) ] may contribute up to what amount in 2010?

• A)$12,000.
• B)$15,500.
• C)$16,500.
• D)$20,500.
• E)None of the above.

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Definitions:

MGM

Metro-Goldwyn-Mayer, a legendary film studio known for its extensive library of movies, classic Hollywood films, and the iconic roaring lion logo.

Spoiled

Refers to food that has become unfit for consumption due to bacteria growth or other processes, or to a person, typically a child, who has become overindulged and lacks discipline.

Typecast

The process by which an actor is repeatedly cast in the same type of role, based on their physical appearance or previous success in similar roles.

Stubborn

Showing dogged determination not to change one's attitude or position on something, especially in spite of good arguments or reasons to do so.