During 2018, Jerry is a self-employed therapist, and his net earned income is $160,000 from his practice.

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During 2018, Jerry is a self-employed therapist, and his net earned income is $160,000 from his practice. Jerry’s SEP Plan, a defined contribution plan, states that he will contribute the maximum amount allowable. Calculate Jerry’s contribution.

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Mar 02, 2019 06:31 AM

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During 2018, Jerry is a self-employed therapist, and his net earned income is $160,000 from his practice.

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Income Tax Fundamentals 2019

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