Question
during 2016, jill, age 39, participated in a section 401 (k) plan which provides for maximum employee contributions of 6%. Jill's salary was $107, 200
during 2016, jill, age 39, participated in a section 401 (k) plan which provides for maximum employee contributions of 6%. Jill's salary was $107, 200 for the year. Jill elects to make the maximum contribution.
what is jill's maximum tax-deferred contribution to the plan for the year?
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
