Ambers employer lavender inc has a sect 401k plan that

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Amber's employer, Lavender, Inc., has a § 401(k) plan that permits salary deferral elections by its employees. Amber's salary is $99000, and her marginal tax rate is 33%.
a. What is the maximum amount Amber can elect for salary deferral treatment for 2011?

b. If Amber elects salary deferral treatment for the amount in (a), how much can she save in taxes?

c. What amount would you recommend that Amber elect for salary deferral treatment for 2011?

Reference no: EM13599536

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