Thomas is a self-employed plumber under the age of 50. His earnings from self- employment, before the

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Thomas is a self-employed plumber under the age of 50. His earnings from self- employment, before the Keogh deduction but after deducting half of the self-employment tax, are $80,000. What is his deductible Keogh contribution for 2019?

a. $16,000.

b. $19,000.

c. $20,000.

d. $56,000.

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Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

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

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Question Posted: Dec 24, 2019 04:46 AM

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