Question
Jill is 62 years of age and self-employed. She reported $120,000 of revenues and $50,000 of expenses relating to her self-employment activities. If Jill has
Jill is 62 years of age and self-employed. 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 2022?
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Financial Accounting
Authors: Jr. Belverd E. Needles, Marian Powers
9th Edition
0547070020, 978-0547070025
