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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

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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 2020 ? $16,000 $57,000 $20.000 564,000 Generous Corporation provides a SIMPLE plan for its employees. Under the plan, employees can contribute up to 6% of their salary. and Generous Corporation will match each employee's contribution up to 3% of the employee's salary. Erika is an employee of Generous Corporation and elects to contribute 6% of her $60,000 salary to the SIMPLE plan. What is the total contribution made to her SIMPLE account? $3,600 B) $1,800 $12,500 $5,400 lack is single and age 53 . He reported AGl of $72,000 in 2020 . He is an active participant in his employer's pension plan. What is the maximum deductible IRA contribution he can make for 2020 ? $6,000 $4,900 57.000 $2,100 Vickie is single and age 43. She reported AGI of $128,000 in tax year 2020 . She is an active participant in her employer's pension plan. What is the maximum Roth IRA contribution she can make for 202b ? $6,000 \$ 54,400 $1,600

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