Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
Business owners can make contributions equivalent to as much as 25% of an employee’s pay, not to exceed $46,000 in 2008. Only compensation up to $230,000 can be considered in computing contributions. The contributions must be based on a written formula that does not discriminate between employees.
