Required Information (The following information applies to the questions displayed below) Elvira is a self-employed taxpayer who turns 42 years old at the end of the year (2019). In 2019, her net Schedule C income was $130,000. This was her only source of income. This year, Elvira is considering setting up a retirement plan. What is the maximum amount Elvira may contribute to the self-employed plan in each of the following situations? (Round your Intermediate calculations and final answers to the nearest whole dollar amount.) b. She sets up an individual 401(K). Mammum contribution Alicia has been working for JMM Corp. for 32 years. Alicia participates in JMM's defined benefit plan. Under the plan, for every year of service for JMM she is to receive 2 percent of the average salary of her three highest years of compensation from JMM. She retired on January 1, 2019. Before retirement, her annual salary was $570,000 $600,000, and $630,000 for 2016, 2017 and 2018. What is the maximum benefit Alicia can receive in 2019? Maximum beneft in 2010