Amber's employer, Lavender, Inc., has a 401(k) plan that permits salary deferral elections by its employees.
Question:
a. What is the maximum amount Amber can elect for salary deferral treatment for 2016?
b. If Amber elects salary deferral treatment for the amount in part (a), how much can she save in taxes?
c. What amount would you recommend that Amber elect for salary deferral treatment for 2016?
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Ambers employer a The maximum amount for which Amber can elect 401k plan ...View the full answer
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Related Book For 
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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