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 for 2019? $

The annual limitations on contributions to and benefits from qualified plans appearing in 415 must be written into a qualified plan. Section 404 sets the limits on deductibility applicable to the employer. The limit on the amount deductible under 404 may have an impact on the amount the employer is willing to contribute. In fact, a defined benefit plan or defined contribution plan is not allowed a deduction for the amount that exceeds the 415 limitations.

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 $.

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