During 2008 jill age 39 participated in a section 401 k, Ask an Expert

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During 2008, Jill, age 39, participated in a section. 401 (k) plan which provides for maximum employee contributions of 12 percent. Jill's salary was $90,000 for the year. Jill elects to make the maximum contribution. What is Jill's maximum tax-differed contribution to the plan for the year?

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Category:- Accounting Basics
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