This is one question, but has two parts. Could you please show work, and bold final answer. Also, the answer i have down is wrong.

Required information Problem 13-85 (LO 13-5) (Algo) [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 $266,000. This was her only source of income. This yeat, 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 onswers to the nearest whole dollar amount. Problem 13.85 Part a (Algo) o. She sets up a SEP IRA Answer is complete but not entirely correct. Required information Problem 13-85 (LO 13-5) (Algo) [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 $266,000. 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 selfemployed plan in each of the following situations? Note: Round your intermediote colculations and final onswers to the neorest whole dollar omount. Problem 13-85 Part b (Algo) b. She sets up an individual 401(k) Answer is complete but not entirely correct. Required information Problem 13-85 (LO 13-5) (Algo) [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 $266,000. This was her only source of income. This yeat, 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 onswers to the nearest whole dollar amount. Problem 13.85 Part a (Algo) o. She sets up a SEP IRA Answer is complete but not entirely correct. Required information Problem 13-85 (LO 13-5) (Algo) [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 $266,000. 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 selfemployed plan in each of the following situations? Note: Round your intermediote colculations and final onswers to the neorest whole dollar omount. Problem 13-85 Part b (Algo) b. She sets up an individual 401(k) Answer is complete but not entirely correct