Bert Harbenson
Active member
- Joined
- Jan 9, 2005
- Posts
- 41
For 2009 I believe it is $47,000. Anything over that would be paid to the pilot, minus taxes.
Just my opinion, I could be wrong.
Champa42272
I think that number sounds correct (+/- a $1000). In addition, once you meet that limit, even if it is later on in the year with your own 401k contributions, the company will pay its match portion as salary. Based on an $11/share price that could be an 11% bump (or restoration) in pay for the last few months of 2009.