Elvira is a self employed taxpayer who turns 4 2 years old at the end of the year ( 2 0 2 3 ) In 2 0 2 3 , her net Schedule C income was $ 1 3 0 , 0 0 0 This was her only source of income This year, Elvira is considering setting up a retirement plan What is the maximum amount Elvira may contribute to the self employed plan in each of the following situations Note Round your intermediate calculations and final answers to the nearest whole dollar amount a She sets up a SEP IRA Elvira is a self employed taxpayer who turns 4 2 years old at the end of the year ( 2 0 2 3 ) In 2 0 2 3 , her net Schedule C income was $ 1 3 0 , 0 0 0 This was her only source of income This year, Elvira is considering setting up a retirement plan What is the maximum amount Elvira may contribute to the self employed plan in each of the following situations Note Round your intermediate calculations and final answers to the nearest whole dollar amount b She sets up an individual 4 0 1 ( k )

Question

Elvira is a self   employed taxpayer who turns 4 2 years old at the end of the year ( 2 0 2 3 )   In 2 0 2 3 , her net Schedule C income was $ 1 3 0 , 0 0 0   This was her only source of income  This year, Elvira is considering setting up a retirement plan  What is the maximum amount Elvira may contribute to the self   employed plan in each of the following situations  Note  Round your intermediate calculations and final answers to the nearest whole dollar amount  a   She sets up a SEP IRA  Elvira is a self   employed taxpayer who turns 4 2 years old at the end of the year ( 2 0 2 3 )   In 2 0 2 3 , her net Schedule C income was $ 1 3 0 , 0 0 0   This was her only source of income  This year, Elvira is considering setting up a retirement plan  What is the maximum amount Elvira may contribute to the self   employed plan in each of the following situations  Note  Round your intermediate calculations and final answers to the nearest whole dollar amount  b   She sets up an individual 4 0 1 ( k )

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Elvira is a self - employed taxpayer who turns 4 2 years old at the end of the year ( 2 0 2 3 )

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