Sarah is vice president of production for Fenner Inc., a corporation, which maintains a money purchase pension

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Sarah is vice president of production for Fenner Inc., a corporation, which maintains a money purchase pension plan for its employees. She owns 8% of Fenner's stock. Determine the maximum deductible contribution the company can make to the pension plan in each of the following situations:
a. Sarah's salary is $95,000.
b. Sarah's salary is $320,000.
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Concepts In Federal Taxation 2017

ISBN: 9781305965119

24th Edition

Authors: Kevin E. Murphy, Mark Higgins

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