Question
Kathy is 60 years of age and self-employed. During 2018 she reported $517,000 of revenues and $104,250 of expenses relating to her self-employment activities. If
Kathy is 60 years of age and self-employed. During 2018 she reported $517,000 of revenues and $104,250 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 a simplified employee pension (SEP) IRA for 2018? (Round your final answer to the nearest whole number)
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe III
9th Edition
0471783471, 978-0471783473
