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Because the age ranges of the WISCâV and the WAISâIV overlap for examinees aged 16, practitioners have the option of choosing the appropriate measure for an examinee this age. For examinees suspected of below average cognitive ability, the WISCâV should be administered because of its lower floor at this age range.
A 401(k) plan can permit participants who are age 50 or over at the end of the calendar year to also make catch-up contributions. The catch-up contribution limit is $5,500 for 2014 and $6,000 for 2015.As a self-employed individual participating in the plan, you can contribute part of your before-tax net earnings from the business.) This contribution is called an elective deferral because participants choose (elect) to defer receipt of the money.