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Sabrina is 47 years old and self-employed. During 2022, she reported $130,000 of revenues and $52,000 of expenses relating to her self- employment. If
Sabrina is 47 years old and self-employed. During 2022, she reported $130,000 of revenues and $52,000 of expenses relating to her self- employment. If she has no other retirement accounts in her name, what is the maximum amount she can contribute to a SEP IRA for 2022? Note: Round your final answer to the nearest whole number. Multiple Choice $14,498 $20,998 $87,750 $61,000
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Introduction to Accounting An Integrated Approach
Authors: Penne Ainsworth, Dan Deines
6th edition
78136601, 978-0078136603
