1 Joe Giudice: Why Teresaâs Husband Will Now Serve Even More Jail Time. 2  Teresa Giudice: Husband Joe Apologizes For Involving Her In Fraud.  Teresa Giudice: She Doesnât Regret The Mistakes That Landed Her In Jail.
The maximum amount of contributions a person can make to his or her 401(k) plan is set each year by the IRS. For the year 2016, people can contribute up to $18,000 as an elective salary deferral to a 401(k) plan.Additionally, if you are age 50 or older, you can contribute an additional catch-up contribution of $6,000.This 2016 contribution is the same limit as applies in 2015.or the year 2016, people can contribute up to $18,000 as an elective salary deferral to a 401(k) plan. Additionally, if you are age 50 or older, you can contribute an additional catch-up contribution of $6,000.
1 For an employee hired full-time for 12 months at $192,000 per year, the monthly rate of pay is $16,000 ($192,000 divided by 12 = $16,000). 2  If the grant period is FY2015, the monthly salary cap is $15,125 (see salary cap chart).3  In this case, the monthly pay exceeds the salary cap by $875. If the grant period is FY2015, the annual salary cap is $181,500. 2  Because this is a nine-month appointment, the adjusted annual cap is reduced to $128,925 ($181,500 divided by 12 = $15,125. 3  $15,125 X 9 = $136,125) and the monthly cap is $11,343.75 (see salary cap chart).