Question: Problem 5-13 (Algorithmic) Qualified Retirement Plans Including Section 401(K) Plans (LO 5.4) During 2019, Jill, age 39, participated in a Section 401(k) plan which provides

Problem 5-13 (Algorithmic) Qualified Retirement Plans Including Section 401(K) Plans (LO 5.4)

During 2019, Jill, age 39, participated in a Section 401(k) plan which provides for maximum employee contributions of 9%. Jill's salary was $43,000 for the year. Jill elects to make the maximum contribution.

What is Jill's maximum tax-deferred contribution to the plan for the year? $.....................................................

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