Felicia earned $100,000 during the year. She elected to defer $4,000 of her earnings into her employer's 401(k) plan. On what amount of Felicia's earnings must she pay Social Security tax? Daisy earns $500,000 working for Davis, Inc. If Davis contributes 15% of covered compensation to the profit sharing plan, what is the allowable contribution Davis can make on Daisy's behalf? Donnie, age 60 , contributed $23,000 to her profit sharing account this year. What is the maximum contribution the employer can make to Donnie's account this year