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OT 30 Select the best answer The client is 60 years old. She runs her one-person business as a C corporation. Her 2019 salary is

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OT 30 Select the best answer The client is 60 years old. She runs her one-person business as a C corporation. Her 2019 salary is $65,000. What is the maximum amount that can be contributed for 2019 to her solo 401(k) account, counting both elective deferral contributions (including the extra catch-up contribution) and the employer contribution? A. $25,000 B. $37,500 C. $41,250, D. $56,000. Submit Answers Select the best answer. For an individual taxpayer's sale of a small business for a taxable gain: O A. Selling stock will usually result in the gain being taxed at higher ordinary income rates. Selling a partnership interest will usually result in some part of the gain being taxed at higher B. ordinary income rates and some part of the gain being taxed at lower long-term capital gains rates. OC. Selling a sole proprietorship interest is taxed the same as a stock sale. D. Selling a sole proprietorship interest is taxed the same as the sale of a partnership Interest

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