Lamont, age 55, is employed by BB Trucking Company as a tire repair specialist. He earns...
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Lamont, age 55, is employed by BB Trucking Company as a tire repair specialist. He earns $120.000 per year and received an allocation of $45,000 to his employer-provided profit-sharing plan for the year. If BB Trucking does not match employee deferrals, what is the maximum amount Lamont can defer to his 401(k) plan for the 2023 plan year? $21,000. $22,500. $28,500 $30,000. Lamont, age 55, is employed by BB Trucking Company as a tire repair specialist. He earns $120.000 per year and received an allocation of $45,000 to his employer-provided profit-sharing plan for the year. If BB Trucking does not match employee deferrals, what is the maximum amount Lamont can defer to his 401(k) plan for the 2023 plan year? $21,000. $22,500. $28,500 $30,000.
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Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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