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Kirk Bennett, a cash - basis taxpayer, is a self - employed accountant. During 2 0 2 3 , he established a qualified defined contribution
Kirk Bennett, a cashbasis taxpayer, is a selfemployed accountant. During he established a qualified defined contribution retirement plan of which he will be the only beneficiary. In examining his records for the following information is available: Earned income from selfemployment $ Interest income Dividend income Net longterm capital gains Gross income $ Kirk deducted $ of selfemployment tax on his tax return. What is the maximum amount that Kirk can deduct as a contribution to his qualified retirement plan for $ $ $ $
Kirk Bennett, a cashbasis taxpayer, is a selfemployed accountant. During he established a qualified defined contribution retirement plan of which he will be the only beneficiary. In examining his records for the following information is available:
Earned income from selfemployment
$
Interest income
Dividend income
Net longterm capital gains
Gross income
$
Kirk deducted $ of selfemployment tax on his tax return. What is the maximum amount that Kirk can deduct as a contribution to his qualified retirement plan for
$
$
$
$
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