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Jill 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 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?

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