Please complete the following MCQ.

22. Best Corporation offers a cafeteria plan which permits each employee to select from a variety of benefits of up to three percent of their salary. Betsy selected $2,000 of health expense reimbursement, $2,000 of child care assistance and $2,000 in cash. What amount is taxable? $0 b. $2,000 $4,000 d. $6,000 a. C. 27. Harry is 45 years old, single, and has wage income of $31,000. What is the maximum amount he can contribute to a 401(k) plan during the current year? $1,000 b. $6,000 $19,500 d. $26,000 a. C. a 33. Quincy, age 79, had a balance in his IRA account on December 31 of the prior year of $400,000. What is his required minimum distribution (RMD)? $18,260 b. $19,050 $25,000 d. $40,000 a. C