One Person 401k
Tax Magic #5
    Age
Taxable
Earnings
Maximum Contribution
Maximum Elective
Deferral
Total
Deduct
Adjusted Taxable
Earnings
% of
Salary
Pre-EGTRRA
50
$100,000
$15,000
- 0-   
$15,000
$85,000
15%
  
Owner
50
$100,000
$25,000
$20,000
$45,500
$54,500
45%