Question
Kathy is 60 years of age and self-employed. During 2017 she reported $116,000 of revenues and $43,200 of expenses relating to her self-employment activities. If
Kathy is 60 years of age and self-employed. During 2017 she reported $116,000 of revenues and $43,200 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 a simplified employee pension (SEP) IRA for 2017?
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
