Mark decided to allocate $4,000

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 29MCQ: During 2019, Carl (a single taxpayer) has a salary of $91,500 and interest income of $11,000....
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Mark decided to allocate $4,000 of his $95,000 salary to WW Section 401(k) plan in 2022, with an accompanying $4,000 matching contribution from WW. What amount of taxable compensation should be recorded on Mark's Form W-2?

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