Kathy is 60 years of age and self-employed. During 2022 she reported $530,000 of revenues and $115,000 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 a SEP IRA for 2022? Assume she pays $29,091 in self-employment tax for 2022. Note: Round your final answer to the nearest whole number. Multiple Choice $88,672 $77,625 $101,200 $61,000