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Kathy is 60 years of age and self-employed. During 2022 she reported $104,000 of revenues and $40,800 of expenses relating to her self-employment activities. If

Kathy is 60 years of age and self-employed. During 2022 she reported $104,000 of revenues and $40,800 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 SEP IRA for 2022?

A. 11747

B. 18247

C. 70200

D. 61000

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