Lois is age 39 and a teacher in the Dade County school system. She has taught in the Dade school system for 12 years and will earn $32,000 this year. She has contributed a total of $56,000 to the school's 403(b) tax-sheltered annuity (TSA) over the years. Assuming that none of the catch-up elections are of any benefit to hear this year, what is the maximum amount she can contribute to the plan as salary deferral this year?

Select one:

a. $7,000

b. $8,000

c. $11,000

d. $19,000