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sean is a sole proprietor. He wants to establish a SEP IRA. His gross income from his business was $80,950. His expenses totaled $53,600. What

sean is a sole proprietor. He wants to establish a SEP IRA. His gross income from his business was $80,950. His expenses totaled $53,600. What is the maximum amount he can contribute to his SEP IRA for tax year 2020?

a) $6838

b.) $5084

c.) $14,250

d.) $11,400

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