Question
FINANCE - RETIREMENT PLANNING Colin owns and operates Colin's Creative Coaching (3C), a sole proprietorship, 3C sponsors a 401(k)/profit-sharing plan. Colin had net income of
FINANCE - RETIREMENT PLANNING
Colin owns and operates Colin's Creative Coaching (3C), a sole proprietorship, 3C sponsors a 401(k)/profit-sharing plan.
Colin had net income of $200,000 and paid self-employment taxes of $20,000 (assumed) during the year.
Assuming Colin is over the age of 50, What is the maximum amount that Colin and his company can contribute on his behalf to the plan for 2019?
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
