Problem $19-31($LO$.4,9)$

Amber's employer, Lavender, Inc., uses a $401($k$)$ plan that permits salary deferral elections by its employees. Amber's sal and her marginal tax rate is $24\%$ and she is $42$ years old.

a$.$ What is the maximum amount Amber can elect for salary deferral treatment for $2023?$

b$.$ If Amber elects salary deferral treatment for the above amount, how much can she save in Federal income taxes?

Her tax liability for $2023$ would be reduced by $

c$.$ What is the recommended amount that Amber should elect as salary deferral treatment for $2023,$ considering only the tax effects?