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Posted on Jun 07, 2024

During 2 0 2 2 , Jerry is a self - employed therapist, and his net earned income is $ 1 2 1 , 6

During

2022,

Jerry is a self

-

employed therapist, and his net earned income is $

121, 600

from his practice. Jerry's SEP Plan, a defined contribution plan, states that he will contribute the maximum amount allowable.

Calculate Jerry's contribution.

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