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Brenda (age 39) maintains a SEP plan for her employees. During 2018, she contributed $53,000 to the plan orn behalf of Lisa while Lisa made
Brenda (age 39) maintains a SEP plan for her employees. During 2018, she contributed $53,000 to the plan orn behalf of Lisa while Lisa made an elective contribution in the amount of $22,000. Compensation for Lisa in 2018 before her elective contribution was $200,000. What is the maximum deductible contribution amount that Lisa can claim? O A. $21,000 O B. $49,000 O C. $50,000 O D. $53,000 Submit Answers
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