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Kathy is 60 years of age and self-employed. During 2021, she reported $100,000 of revenues and $40,000 of expenses relating to her self-employment activities. If

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Kathy is 60 years of age and self-employed. During 2021, she reported $100,000 of revenues and $40,000 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 2021? Assume she paid $8,478 of self-employment tax for 2021. (Round your final answer to the nearest whole number.) Multiple Choice $30,652 O O $37,152 C O O $58,000 $64,500 O O During 2021, Jasmine (age 12) received $6,500 from a corporate bond. She also received $600 from a savings account established for her by her parents. Jasmine lives with her parents and she is claimed as a dependent in their tax return. Assuming her parents' marginal tax rate is 24%, what is Jasmine's gross tax liability? (Round your intermediate and final answer to the nearest whole dollar amount.) (Use Tax Rate Schedule, Standard deduction.) Multiple Choice O O $0 O O O $110 O $1,176 O O $1,286 O

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