Thomas is a self-employed plumber under the age of 50. His earnings from self- employment, before the

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Thomas is a self-employed plumber under the age of 50. His earnings from self- employment, before the Keogh deduction but after deducting half of the self-employment tax, are $80,000. What is his deductible Keogh contribution for 2017?

a. $54,000.

b. $20,000.

c. $18,000.

d. $16,000.

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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Question Posted: Nov 19, 2018 12:50 PM

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Thomas is a self-employed plumber under the age of 50. His earnings from self- employment, before the

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Fundamentals Of Taxation 2018

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