Is this correct about SEP,

Simplified, and qualified plans?

Taxpayer, $42,$ has been a self$-$

employed photographer for

the past twenty years. During

$2023,$ taxpayer made

$$280,000$ in net earnings and

may contribute up to $25\%$ of

their net earnings $($$$70,000)$

to a SEP IRA.

Click 'Yes' or $\text{'}$No$\text{'}$ for each option until

complete.