Final answer:
For 2022, Phaedra can contribute a maximum of $27,000 to her 401(K), which includes the standard limit of $20,500 and an additional catch-up contribution of $6,500 for those aged 50 and over.
Step-by-step explanation:
The question is asking about the minimum deductible contribution that Phaedra, a 50-year-old taxpayer, can make to a 401(K) plan for the year 2022. In 2022, the contribution limit for a 401(K) for individuals under the age of 50 is $20,500. However, individuals aged 50 and over are eligible for an additional catch-up contribution which for 2022, is $6,500. Therefore, the total maximum amount Phaedra could contribute to her 401(K) plan in 2022 is the sum of the standard limit and the catch-up contribution, equaling $27,000.