During 2016, Jerry is a self-employed therapist, and his net earned income is $160,000 from his practice.

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During 2016, Jerry is a self-employed therapist, and his net earned income is $160,000 from his practice. Jerry's SEP Plan, a defined contribution plan, states that he will contribute the maximum amount allowable. Calculate Jerry's contribution.

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Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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Question Posted: Jul 19, 2017 11:00 AM

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During 2016, Jerry is a self-employed therapist, and his net earned income is $160,000 from his practice.

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Income Tax Fundamentals 2017

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