Solution-What is the maximum amount

What is the maximum amount

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Lois is age 39 and a teacher in the Dade County school system. She has taught in the Dade school system for 12 years and will earn $32,000 this year. She has contributed a total of $56,000 to the school's 403(b) tax sheltered annuity (TSA) over the years. Assuming that none of the catch-up elections are of any benefit to her this year, what is the maximum amount she can contribute to the plan as a salary deferral this year?

Reference no: EM133076303

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What is the maximum amount

Reference no: EM133076303

Reference no: EM133076303

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