Problem $5-13($Algorithmic$)$

Qualified Retirement Plans Including Section $401($K$)$ Plans $($LO $5\mathrm{.}4)$

What is Jill's maximum tax$-$deferred contribution to the plan for the year?

$x$

Feedtasck

T Check My Wark as a salary reduction agreement. In all $401(k)$ plans, contributions are limited in two ways.