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Assume Mike adopts a SEP and contributes 25 percent for all three coaches. a. What is the impact on his tax situation? b. How much

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Assume Mike adopts a SEP and contributes 25 percent for all three coaches. a. What is the impact on his tax situation? b. How much can he contribute to the SEP for himself? c. How does this impact his discretionary cash flow? d. What are the advantages of this approach? e. What are the disadvantages of this approach

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