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9-34 (LO. 6) Harvey is a self-employed accountant with earned income from the business of $320,000 (after the deduction for one-half of his self-employment tax).

9-34 (LO. 6) Harvey is a self-employed accountant with earned income from the business of $320,000 (after the deduction for one-half of his self-employment tax). He uses a defined contribution Keogh plan. What is the maximum amount Harvey can contribute to his retirement plan in 2023?

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