In 2016, Susan's sole proprietorship earns $300,000 of self-employment net income (after the deduction for one-half of
Question:
a. Calculate the maximum amount that Susan can deduct for contributions to a defined contribution Keogh plan.
b. Suppose Susan contributes more than the allowable amount to the Keogh plan. What are the consequences to her?
c. Can Susan retire and begin receiving Keogh payments at age 58 without incurring a penalty? Explain.
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An owneremployee owns the entire interest in an unincor...View the full answer
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Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
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Related Book For 
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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