35. LO.6 In 2021, Megans sole proprietorship earns $300,000 of self-employment net income (after the deduction for
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35. LO.6 In 2021, Megan’s sole proprietorship earns $300,000 of self-employment net income (after the deduction for one-half of self-employment tax). Calculate the maximum amount Megan can deduct for contributions to a defined contribution Keogh plan.
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Related Book For 
Essentials Of Taxation Individuals And Business Entities
ISBN: 233160
1st Edition
Authors: Nellen/Young/Raabe/Maloney
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