Kathy is 48 years of age and is self- employed. During 2018 she reported 114,00 revenues and 45,600 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she contribute to a simplified employee pension IRA for 2018?

1. 12,714 2. 17,159 3.61,700 4. 55,000