Determine the maximum contribution that can be made to a Keogh plan in each of the following

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Determine the maximum contribution that can be made to a Keogh plan in each of the following cases. In all instances, the individual is self-employed, and the self-employment tax reduction has already been taken.

a) Self-employment income of $46,000.

b) Self-employment income of $46,000 and wage income of $30,000.

c) Self-employment income of $125,000.

d) Self-employment income of $290,000.

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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