Question: In 2016, Cao's compensation before his employer's contribution to a SEP is $66,000. Up to what amount can Cao's employer contribute and deduct in 2016?

In 2016, Cao's compensation before his employer's contribution to a SEP is $66,000. Up to what amount can Cao's employer contribute and deduct in 2016?

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An employer may contribute to an IRA covering an employee an amount equal to the lesser of 53000 in ... View full answer

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