Zack, a sole proprietor, has earned income of $85,000 in 2018 (after the deduction for one-half of

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Zack, a sole proprietor, has earned income of $85,000 in 2018 (after the deduction for one-half of self-employment tax). What is the maximum contribution Zack may make to a defined contribution Keogh plan?

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A selfemployed individual may annually contribute the smaller of 55000 in 2018 or 100 of earned inco...View the full answer

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Related Book For book-img-for-question

South-Western Federal Taxation 2019 Individual Income Taxes

ISBN: 9781337702546

42nd Edition

Authors: James C. Young, William H. Hoffman, William A. Raabe, David M. Maloney, Annette Nellen

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Question Posted: Aug 07, 2019 01:57 PM

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Zack, a sole proprietor, has earned income of $85,000 in 2018 (after the deduction for one-half of

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A selfemployed individual may annually contribute the smaller of 55000 in 2018 or 100 of earned inco...View the full answer

South-Western Federal Taxation 2019 Individual Income Taxes

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