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Posted on Jul 14, 2024

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

During

2022,

Jerry is a self

-

employed therapist, and his net earned income is $

160, 000

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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