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Business assets

Q1

A Section ..... Plan, available only to companies with 25 or fewer employees, permits a maximum contribution of the lesser of 15% of compensation or $30,000, and employees have the option of taking the employer contribution in cash, but must then pay income tax on it.

(*) 401(k)

(*) 403(b)

(*) 405(b)

(*) 408(k)

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