Katie is a self employed taxpayer who turns 39 years old at the end of the year (2022). In 2022, her net Schedule C income was $268,000. This was her only source of income. This year, Rota is considering setting up a retirement plan. What is the maximum amount Katie may contribute to the self-employed plans? 1) She sets up a SEP IRA 2) She sets up an individual 401(k)

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