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What is the recommended amount that amber should elect

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Reference no: EM132538712

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.

Question 1: What is the maximum amount Amber can elect for salary deferral treatment for 2019?

Question 2: If Amber elects salary deferral treatment for the above amount, how much can she save in taxes? Her tax liability for 2019 would be reduced by

Question 3: What is the recommended amount that Amber should elect as salary deferral treatment for 2019?

Reference no: EM132538712

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