Vance has a vested account balance in his employer-sponsored qualified profit sharing plan of $40,000. he has two years of service with his employer and the plan follows the least generous graduated vesting schedule permitted for a profit sharing plan under ppa 2006. if vance has an outstanding loan balance within the prior 12 months of $15,000, what is the maximum loan vance could take from this qualified plan, assuming the plan permitted loans?
(a) $5,000.
(b) $20,000.
(c) $40,000.
(d) $50,000.