Individual Income Taxes
Individual Income Taxes
43rd Edition
ISBN: 9780357109731
Author: Hoffman
Publisher: CENGAGE LEARNING - CONSIGNMENT
Question
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Chapter 19, Problem 36P

a.

To determine

State the maximum amount by which Person A can elect for salary deferral; treatment for 2019.

b.

To determine

State the amount of tax that can be saved if Person A elects salary deferral treatment for the amount in part (a).

c.

To determine

Recommend an amount for Person A to elect for salary deferral treatment for 2019.

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