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Amber's employer, Lavender, Inc., has a section 401(k) plan that permits salary deferral elections by its employees. Amber's salary is $99,000, and her marginal tax
Amber's employer, Lavender, Inc., has a section 401(k) plan that permits salary deferral elections by its employees. Amber's salary is $99,000, and her marginal tax rate is 33%. The maximum amount Amber can elect for salary deferral treatment for 2016 is $ If Amber elect's salary deferral treatment for the above amount, how much can she save in taxes? Her tax liability for 2016 would be reduced by $. The amount recommended for Amber to elect for salary deferral treatment for 2016 is $
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