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What is the maximum amount of the contribution

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Question - A Federal employee can contribute to a "Federal Thrift Savings Fund", and those contributions are not included in the employee's income. What is the maximum amount of the contribution in 2019?

a. 7.5% of the employee's Federal taxable income

b. $19,000 if under 50 years old

c. 10% of the employee's Federal taxable income

d. $10,000 if over 50 years old

e. 5% of the employee's total taxable income

Reference no: EM132588591

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