Joanna, age 44, defers $23,000 in a qualified 401(k) plan in 2016. a. What amount must
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a. What amount must be returned to Joanna and by what date?
b. In what year will the amount be taxed?
c. What percent of the tax will be imposed on the employer if excess contributions are not returned by what date?
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Related Book For
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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