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Greg Gray owns and operates a sole proprietorship, Greg's Cookies. Greg's cookies sponsors a profit-sharing and had a net income of 120,000, and paid 16,000

Greg Gray owns and operates a sole proprietorship, Greg's Cookies. Greg's cookies sponsors a profit-sharing and had a net income of 120,000, and paid 16,000 in self-employment taxes in 2022. Greg elected to make a 15% contribution to all of Greg's Cookies employees in 2022. How much can Greg's Cookies contribute on behalf of Greg who is over 50?

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