acques, who is 52 years old, works for West Texas A&M and is a participant in WTAMU’s 403(b) program. How much could he defer in the program in 2023 if he has a salary of $121,000? A. $7,500. B. $30,000. C. $22,500. D. $66,000
acques, who is 52 years old, works for West Texas A&M and is a participant in WTAMU’s 403(b) program. How much could he defer in the program in 2023 if he has a salary of $121,000? A. $7,500. B. $30,000. C. $22,500. D. $66,000
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 25CE
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Question
Jacques, who is 52 years old, works for West Texas A&M and is a participant in WTAMU’s 403(b) program. How much could he defer in the program in 2023 if he has a salary of $121,000?
A. |
$7,500. |
|
B. |
$30,000. |
|
C. |
$22,500. |
|
D. |
$66,000 |
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