Question
Kyle is 31 years old, single, self-employed, and has no qualified pension plan. His net self-employment income is $31,000 and he contributes the maximum amount
Kyle is 31 years old, single, self-employed, and has no qualified pension plan. His net self-employment income is $31,000 and he contributes the maximum amount to his Keogh account during the current year. How much can Kyle deduct for AGI this year?
a.$ - 0 -
b.$1,000
c.$3,100
d.$5,000
e.$6,200
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Financial Accounting An Introduction
Authors: Pauline Weetman
4th Edition
0273703404, 978-0273703402
