Item 7Item 7 Kathy is 60 years of age and self-employed. During 2018 she reported $507,000 of revenues and $101,750 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to a simplified employee pension (SEP) IRA for 2018? (Round your final answer to the nearest whole number)