Match the limitation on contributions to the retirement plans for 2011 with the retirement plan. Limitations may be used more than once. Assume all taxpayers are under age 50, unless stated otherwise.
-401(k) plan (age 38)
A) No limit
B) $5,001
C) $6,001
D) $16,501
E) $49,000
F) $195,001

Question

Quizplus · Accepted Answer

For 2011, the contribution limit for a 401(k) plan for individuals under age 50 was $16,500. This limit is adjusted periodically for inflation.

Match the Limitation on Contributions to the Retirement Plans for 2011