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Hawaii Cruise Tours has a traditional 401(k) plan for employees. Last year, payroll for employees covered under the plan was $800,000, and employee elective deferrals
Hawaii Cruise Tours has a traditional 401(k) plan for employees. Last year, payroll for employees covered under the plan was $800,000, and employee elective deferrals amounted to $200,000.
What is the deduction amount for Federal Income Tax Purposes for HAWAII Cruise Tours?
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