Callie owns and operates Callie's Creative Coaching (3C), a sole proprietorship. 3C sponsors a 401(k)/ profit-sharing plan.

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Callie owns and operates Callie's Creative Coaching (3C), a sole proprietorship. 3C sponsors a 401(k)/ profit-sharing plan. Callie had net income of $230,000 and paid self-employment taxes of $20,000 (assumed) during the year. Assuming Callie is over the age of 50, what is the maximum amount that Callie and her company can contribute on her behalf to the plan for 2023? a. $30,000. b. $66,000. c. $73,500. d. $74,000

Posted Date: May 19, 2024 04:15 AM

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Callie owns and operates Callie's Creative Coaching (3C), a sole proprietorship. 3C sponsors a 401(k)/ profit-sharing plan.

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