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Jall is 62 years of age and self-employed. During 2018 she reported $120,000 of revenues and $50,000 of expenses relating to her self- employment activities.

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Jall is 62 years of age and self-employed. During 2018 she reported $120,000 of revenues and $50,000 of expenses relating to her self- employment activities. If Jill 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? Multiple Choice $13,011 $18,500 $55,000 $70,000 2 of 10 Next> Prev 1855-723-6786 A hp

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