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Simplified Employee Pensions (LO 5.4) During 2019, Jerry is a self-employed therapist, and his net earned income is $160,000 from his practice. Jerry's SEP Plan,

Simplified Employee Pensions (LO 5.4) During 2019, Jerry is a self-employed therapist, and his net earned income is $160,000 from his practice. Jerry's SEP Plan, a defined contribution plan, states that he will contribute the maximum amount allowable.

Calculate Jerry's contribution.

$

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