Herbert Johnson, age 55, participates in Miller Hospitals 403 (b) plan. His compensation for 2016 is $60,000.
Question:
Herbert Johnson, age 55, participates in Miller Hospital’s 403
(b) plan. His compensation for 2016 is $60,000. What is his maximum salary deferral for 2016?
A. He can defer $12,000.
B. He can defer $15,000.
C. He can defer $18,000.
D. He can defer $24,000.
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Answer Herbert can defer 18000 for 2016 While Herberts age 55 allows him to take advantage of ...View the full answer
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Related Book For 
Essentials Of Personal Financial Planning
ISBN: 9781945498237
1st Edition
Authors: Susan M. Tillery, Thomas N. Tillery
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