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Kathy is 48 years of age and self-employed. During the year she reported $101,000 of revenues and $41,250 of expenses relating to her self-employment activities.

Kathy is 48 years of age and self-employed. During the year she reported $101,000 of revenues and $41,250 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)?

$11,106.

$17,106.

$29,106.

$53,000.

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