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I got both answers incorrect. Please help to solve. Thank you! A firm can pay no more than $5,500,000 in tax deferred contributions to its

I got both answers incorrect. Please help to solve. Thank you! image text in transcribed
A firm can pay no more than $5,500,000 in tax deferred contributions to its 401k plan on behalf of employees in 2023. How much did the firm pay in total compensation to its employees in 2023? Round to the nearest whole dollar. Question 4 0/10pts A 55 year old employee, earning $50,000 per year is enrolled in only one 401k plan (a traditional 401k ). What is the maximum tax deductible contribution she can make to her 401k in 2023 ? Round to the nearest whole dollar. A firm can pay no more than $5,500,000 in tax deferred contributions to its 401k plan on behalf of employees in 2023. How much did the firm pay in total compensation to its employees in 2023? Round to the nearest whole dollar. Question 4 0/10pts A 55 year old employee, earning $50,000 per year is enrolled in only one 401k plan (a traditional 401k ). What is the maximum tax deductible contribution she can make to her 401k in 2023 ? Round to the nearest whole dollar

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