Elvira is a self-employed taxpayer who turns 42 years old at the end of the year (2014).
Question:
a) She sets up a SEP IRA.
b) She sets up an individual 401(k).
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a 22304 Elviras SEP IRA contribution is limited to the lesser of 1 53000 or 220 of her ne...View the full answer
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Related Book For 
Taxation Of Individuals And Business Entities 2016
ISBN: 9781259334870
7th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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