Ken is a self - employed architect in a small firm with four employees: himself, his office
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- Ken is a selfemployed architect in a small firm with four employees: himself, his office assistant, and two drafters, all of whom have worked for Ken fulltime for the last four years. The office assistant earns $ per year, and each drafter earns $ Kens net earnings from selfemployment after deducting all expenses and onehalf of selfemployment taxes are $ Ken is considering whether to establish a SEP plan and haIf Ken is required to contribute for his employees and chooses to contribute the maximum amount, what is the maximum amount Ken can contribute for himself?
Related Book For
Fundamentals Of Taxation 2015
ISBN: 9781259293092
8th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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