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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
LO.8 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 33%.
a. What is the maximum amount Amber can elect for salary deferral treatment for 2012?
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 2012?
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