Question

What is the maximum amount for 2018 that an employee may elect to defer to a 457 plan?

A. $15,500
B. $16,500
C. $18,500
D. $19,500"

Answer 1

The maximum amount for 2018 that an employee may elect to defer to a 457 plan is $18,500.

Step-by-step explanation:

The maximum amount for 2018 that an employee may elect to defer to a 457 plan is $18,500 (option C).

This means that an employee can choose to contribute up to $18,500 of their income to a 457 plan in 2018.

It's important to note that this limit may change in subsequent years, so it's always a good idea to stay updated with the latest contribution limits.