Question
Deb, under age 50, is self-employed and has no other employees. Her net earnings, after the deduction for one-half of self-employment tax but before deducting
Deb, under age 50, is self-employed and has no other employees. Her net earnings, after the deduction for one-half of self-employment tax but before deducting any contributions she makes to her own SIMPLE, are $15,000. What is the most that can be contributed to Deb's SIMPLE for 2022 (employer and employee contributions)? A. $14,000 B. $450 C. $14,450 D. $15,000
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Accounting for Non-Accounting Students
Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
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