South-western Federal Taxation 2018: Individual Income Taxes
South-western Federal Taxation 2018: Individual Income Taxes
41st Edition
ISBN: 9781337385886
Author: William H. Hoffman, James C. Young, William A. Raabe, David M. Maloney, Annette Nellen
Publisher: Cengage Learning
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 2018.

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 2018.

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