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Amber's employer, Lavender, Inc., has a 401(k) plan that permits salary deferral elections by its employees. Amber's salary is $99,000, and her marginal tax rate

Amber's employer, Lavender, Inc., has a 401(k) plan that permits salary deferral elections by its employees. Amber's salary is $99,000, and her marginal tax rate is 24% and she is 42 years old.

a.What is the maximum amount Amber can elect for salary deferral treatment for2019?

$

b.If Amber elects salary deferral treatment for the above amount, how much can she save in taxes?

Her tax liability for 2019 would be reduced by $.

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c.What is the recommended amount that Amber should elect as salary deferral treatment for 2019?

$.

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