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[The following information applies to the questions displayed below] Rita is a self employed taxpayer who turns 39 years old at the end of the

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[The following information applies to the questions displayed below] Rita is a self employed taxpayer who turns 39 years old at the end of the year (2022). In 2022, her net Schedule C income was $312,000. 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? Note: Round your intermediate calculations and final answers to the nearest whole dollor amount. Problem 13-85 Part a (Algo) a. She sets up a SEP IRA Answer is complete but not entirely correct. Problem 13-85 (LO 13-5) (Algo) [The following information applies to the questions displayed below.] Rita is a selfeemployed taxpayer who turns 39 years old at the end of the year (2022). In 2022, her net Schedule Cincome was $312,000. 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? Note: Round your intermediate calculations and finol answers to the neorest whole dollar amount. Problem 13-85 Part b (Algo) b. She sets up an individual 401(k)

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