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Chip, a waiter, is a common-law employee of Tiger Company. Tiger Company, a sole proprietorship, has a defined contribution qualified plan in which Chip is

Chip, a waiter, is a common-law employee of Tiger Company. Tiger Company, a sole proprietorship, has a defined contribution qualified plan in which Chip is eligible to participate. The following items represent Chip's income from Tiger in 2022: Wages $25,000 Bonus 5,000 Commissions 1,000 Reimbursement for travel expenses 5,000 How much can Tiger Company contribute to Chip's retirement account for 2022

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