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Brandin, age 40, owns a sole proprietorship. He is the only employee. His revenues were $100,000 and his expenses were $34,000. His wife makes $400,000
Brandin, age 40, owns a sole proprietorship. He is the only employee. His revenues were $100,000 and his expenses were $34,000. His wife makes $400,000 and they would like to save more for their retirement. His total SECA was $9,326. How much would Brandin be allowed to contribute to a SEP-IRA for this year? Show your\ work
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Human Resource Management
Authors: Robert L. Mathis, John H. Jackson
13th Edition
053845315X, 978-0538453158
