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1. Bob is a single, 40-year-old doctor earning $190,000 a year and is not covered by a pension plan at work. How much can he

1. Bob is a single, 40-year-old doctor earning $190,000 a year and is not covered by a pension plan at work. How much can he put into a deductible Traditional IRA in 2016?............

2. Tony is a 45 -year-old psychiatrist who has net earned income of $300,000 in 2016. What is the maximum amount he can contribute to his SEP for the year?..........

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