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! Required information Problem 1 3 - 8 6 ( LO 1 3 - 5 ) ( Algo ) [ The following information applies to
Required information
Problem LO Algo
The following information applies to the questions displayed below.
Reggie is a selfemployed taxpayer who turns years old at the end of the year
In his net Schedule C income was $ This was his only source
of income. This year, Reggie is considering setting up a retirement plan.
What is the maximum amount he may contribute to the selfemployed plan in each
of the following situations?
Note: Round your intermediate calculations to the nearest whole dollar amount.
Problem Part a Algo
a He sets up a SEP IRA.
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