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Kathy is 48 years of age and self-employed. During 2018 she reported $534,000 of revenues and $106,800 of expenses relating to her self-employment activities. If
Kathy is 48 years of age and self-employed. During 2018 she reported $534,000 of revenues and $106,800 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 an individual 401(k)?
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$107,200.
$61,000.
$55,000.
$101,204.
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