What amount would you recommend that amber elect, Accounting Basics

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What amount would you recommend that amber elect

Amber's employer, Lavender, Inc., has a § 401(k) plan that permits salary deferral elections by its employees. Amber's salary is $99000, and her marginal tax rate is 33%.
a. What is the maximum amount Amber can elect for salary deferral treatment for 2011?

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 2011?

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Accounting Basics: What amount would you recommend that amber elect

Reference No:- TGS0707036

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Recent Questions Asked Accounting Basics

Q : How much will the operating income change by

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Request for Solution File

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Accounting Basics: What amount would you recommend that amber elect

Reference No:- TGS0707036

Recent Questions Asked Accounting Basics

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