Kathy is 60 years of age and self-employed. During 2022, she reported $506,000 of revenues and $101,200 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 2022? Assume she pays $28,971 in self-employment for 2022 Note: Round your final answer to the nearest whole number. Multiple Choice $98,563 $67,500 $61,000 $78,063