In the case of a 401(k) plan, employees age 50 or over can shelter an extra $10,000 of their wages from federal income tax.
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Q1: In the IRA form of the Simple
Q2: Cash tips of $20 or more received
Q3: There is no limit to the amount
Q5: All taxable noncash fringe benefits received during
Q6: The withholding of federal income and FICA
Q7: There is no limit to the amount
Q8: Before any federal income taxes may be
Q9: Under the federal income tax withholding law,
Q10: The IRA format of the SIMPLE plan
Q11: Noncash fringe benefits that are provided employees
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