Question
Determine the maximum contribution that can be made to a Keogh plan in each of the following cases. In all instances, the individual is self-employed,
Determine the maximum contribution that can be made to a Keogh plan in each of the following cases. In all instances, the individual is self-employed, and the self-employment tax reduction has already been taken.
Self-employment income of $65,000.
Self-employment income of $65,000 and wage income of $39,500.
Self-employment income of $200,000.
Self-employment income of $299,000.
| a | Maxium Keogh Plan Contribution | $. |
| b | Maxium Keogh Plan Contribution | $ |
| c | Maxium Keogh Plan Contribution | $ |
| d | Maxium Keogh Plan Contribution | $ |
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How To Avoid IRS Audits
Authors: Victor S. Sy, CPA, MBA, Allana Santos, Roger Oriel, Louie Gajardo, Malou Aguilar Bledsoe, RJ Oriel, Mark Xavier Bautista, Kenno Samulde, Morton D Rosenthal Esq.
1st Edition
1530746477, 978-1530746477
