1. Brandon Smith, a sole proprietor, had net earnings of $4,000 from self-employment and paid a self-employment tax of $565. What is Brandons maximum self-employment retirement plan deduction for 2017?

2. Katherine Cruz, a self-employed attorney, has a self-employment retirement plan with an established, defined contribution plan that covers her and three common-law employees. In the current year, Katherine has earned a income of $120,000 and the three employees have a total salaries of $60,000. Katherine contributes $9,000 to the plan for herself. What is the minimum amount that Jackie must contribute to the accounts of the employee under the pan for 2016?

3. Jason and Eileen are married and received salaries of $15,000 and $48,000, respectively. If they are both age 24 and file joint tax return, what is the maximum they each can contribute to an individual retirement savings program and deduct for 2017?

4. Harold earned a salary of $62,000, while his wife, Annmarie, was not employed. What us the maximum that can be contributed to the individual retirement accounts if they are both age 46 and file a joint return for 2017?

5. During the current year, Damian Davis received a salary of $15,000 and interest income of $1,000 and contributed $1,500 to his IRA. What amount of the IRA contribution can be deducted in arriving at Damians adjusted gross income for 2016? For 2017?