Thomas is a self-employed plumber under the age of 50. His earnings from self-employment, before the Keogh deduction but after deducting half of the self-employment tax, are $80,000. What is his deductible Keogh contribution for 2022?

Multiple Choice

$64,000

$20,000

$16,000

$61,000

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Terri is single and age 32. She reported AGI of $72,000 in tax year 2022. She is an active participant in her employers pension plan. What is the maximum deductible IRA contribution she can make for 2022?

Multiple Choice

$2,400

$0

$3,600

$6,000

Thomas is a self-employed plumber under the age of 50 . His earnings from self-employment, before the Keogh deduction but after deducting half of the seif-employment tax, are $80,000. What is his deductible Keogh contribution for 2022? Mukiple Choice $64,000 $20,000 $16.000 $61,000 Terrt is single and age 32. She reported AGI of \$72,000 in tax year 2022. She is an active participant in her employer's pension plan. What is the maximum deductible IRA contribution she can make for 2022 ? Multiple Choice $2400 $0 $3.600 $6,000