Question
Kathy is 60 years of age and self-employed. During 2019 she reported $113,000 of revenues and $42,600 of expenses relating to her self-employment activities. If
Kathy is 60 years of age and self-employed. During 2019 she reported $113,000 of revenues and $42,600 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 2019
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
