Tony makes a maximum contribution to his employer's 401(k) plan. He earns $60,000 a year. How much income is he allowed to contribute to the plan for 2014?

Name: Tony makes a maximum contribution to his employer's 401(k) plan. He earns $60,000 a year. How much income is he allowed to contribute to the plan for 2014?
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The Answer of Tony makes a maximum contribution to his employer's 401(k) plan. He earns $60,000 a year. How much income is he allowed to contribute to the plan for 2014?

Tony Makes a Maximum Contribution to His Employer's 401(k) Plan