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PLEASE BE ADVISED THAT TAXES HAVE CHANGED YEAR AFTER YEAR AND THIS IS BASED ON THE NEWEST TAXES (2019). Kathy is 48 years of age

PLEASE BE ADVISED THAT TAXES HAVE CHANGED YEAR AFTER YEAR AND THIS IS BASED ON THE NEWEST TAXES (2019).

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Kathy is 48 years of age and self-employed. During 2019 she reported $110,000 of revenues and $40,000 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 simplified employee pension (SEP) IRA for 2019

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