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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 an individual 401(k) for 2018?
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