What is maximum amount amber can elect for salary deferral

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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 $99,000, and her marginal tax rate is 24% and she is 42 years old.

Problem a. What is the maximum amount Amber can elect for salary deferral treatment for 2019?

Reference no: EM132774457

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What is maximum amount amber can elect for salary deferral : Amber's employer, Lavender, Inc., has a § 401(k) plan, What is the maximum amount Amber can elect for salary deferral treatment for 2019?
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