Zack, a sole proprietor, has earned income of $85,000 in 2016 (after the deduction for one-half of

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Zack, a sole proprietor, has earned income of $85,000 in 2016 (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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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

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

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Question Posted: Sep 15, 2017 12:41 PM

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Zack, a sole proprietor, has earned income of $85,000 in 2017 (after the deduction for one-half of self-employment tax). What is the maximum contribution Zack may make to a defined contribution Keogh...
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Zack, a sole proprietor, has earned income of $85,000 in 2016 (after the deduction for one-half of

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A selfemployed individual may annually contribute the smaller of 53000 in 2016 or 100 of earned inco...View the full answer

South Western Federal Taxation Individual Income Taxes 2017

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