Claire is a self-employed individual who owns and runs Claire's Creations LLC. In 2016, she had $225,000
Claire is a self-employed individual who owns and runs Claire's Creations LLC. In 2016, she had $225,000 in net self-employment earnings, including a deduction for 50% of self-employment tax, prior to any Keogh deduction. Claire has a defined contribution, stock bonus Keogh plan. What is the highest deductible Keogh contribution Claire can make for the 2016 tax year? Assume no excess contribution carryover from prior years.
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I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.