For each taxpayer, compute the maximum contribution to the retirement plan. a. Lewis, a self-employed individual, has net earned income of $50,000 in 2022 . If Lewis has no employees, calculate the maximum contribution to a SEP plan that he may deduct from his adjusted gross income. x b. During 2022 , Linda, age 32 , has a salary of $40,000. She participates in a Section 401(k) plan and chooses to defer 25 percent of her compensation. What is the maximum amount Linda can contribute to the Section 401(k) plan on a tax-deferred basis? If Linda's salary was $125,000, instead of $40,000, what is the maximum amount that she could contribute to the Section 401(k) plan on a tax-deferred basis? X c. Laura contributed $78,000 (including employer match) of pre-tax salary to her 401(k) plan over the years. in 2022 , at age 62 , she retires and takes a distribution of $25.000 when tie 401(k) has an account balance of $164,000. Compute the taxable portion of taura's distribution. 4 reasese A Simplified Employee Pension (SEP or SEP IRA) is a retirement plan avallable to any employer (including a self-employed individual), The amount of contributions can change from year-to-year. Participants in SEPs must meet requirements for minimum age and years of service. An employer must cover