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Rita Is a self-employed taxpayer who turns 39 years old at the end of the year (2018). In 2018, her net Schedule C Income was
Rita Is a self-employed taxpayer who turns 39 years old at the end of the year (2018). In 2018, her net Schedule C Income was $266,000. This was her only source of Income. This year, Rita is considering setting up a retirement plan. What is the maximum amount Rita may contribute to the self-employed plan In each of the following situations? a. She sets up a SEP IRA Maximum contribution
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