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19 (2 points) Talia, age 35, is employed by XYZ, Inc. and has a salary of $100,000. XYZ sponsors a 401(k)/ profit-sharing plan and contributes

19 (2 points) Talia, age 35, is employed by XYZ, Inc. and has a salary of $100,000. XYZ sponsors a 401(k)/ profit-sharing plan and contributes 40% for each employee in 2021. Now Talia can defer $19,500 of her 2023 salary to the 401(k) plan. True False

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