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9) Gabriella, age 33, is the sole owner and only employee of an S-Corporation. She decides to open a Traditional Solo 401(k) plan (with a

9) Gabriella, age 33, is the sole owner and only employee of an S-Corporation. She decides to open a Traditional Solo 401(k) plan (with a PSP) to shelter some of her $90,000 in W-2 earnings from income tax. As an owner and an employee of her company, what is the total amount that can be contributed on a pre-tax basis to her Traditional Solo 401(k) and PSP plan in 2023? 50% of 90,000 a. $22,500 b. $45,000 c. $66,000 d. $73,500
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9) Gabriella, age 33, is the sole owner and only employee of an S-Corporation. She decides to open a Traditional Solo 401(k) plan (with a PSP) to shelter some of her $90,000 in W-2 earnings from income tax. As an owner and an employee of her company, what is the total amount that can be contributed on a pre-tax basis to her Traditional Solo 401(k) and PSP plan in 2023 ? a. $22,500 b. $45,000 50% of 90,000 c. $66,000 d. $73,500

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