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Steve Colburn earned $250,000 in his sole proprietorship. 1. What is the maximum amount that Steve may contribute and deduct if his plan is a

Steve Colburn earned $250,000 in his sole proprietorship.

1. What is the maximum amount that Steve may contribute and deduct if his plan is a SIMPLE IRA?

2. What is the maximum amount that Steve may contribute and deduct if his plan is a Solo 401(k)?

3. What is the maximum amount that Steve may contribute and deduct if his plan is a SEP IRA?

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