Final answer:
Delores, age 46, can contribute a maximum of $26,000 to her defined contribution plan this year, considering the standard limit of $19,500 plus an additional catch-up contribution of $6,500 for individuals aged 50 and over.
Step-by-step explanation:
Understanding Defined Contribution Plan Contributions
Regarding the maximum contribution to a defined contribution plan for Delores, who is 46 and earns $47,000, we need to refer to the Internal Revenue Service (IRS) contribution limits for the year in question. Generally, for the year 2021, the standard contribution limit for individuals under 50 is $19,500. However, individuals aged 50 and over are eligible for a catch-up contribution, which allows them to contribute an additional $6,500, making the total possible contribution $26,000. Therefore, the correct answer to the amount Delores can contribute to her defined contribution plan this year is $26,000 (option a).