Question: Rita is a self - employed taxpayer who turns 3 9 years old at the end of the year ( 2 0 2 3 )

Rita is a self

-

employed taxpayer who turns

39

years old at the end of the year

(2023)

2023,

her net Schedule C income was $

300, 000

This was her only source of incomeThis year, Rita is considering setting up a retirement plan. What is the maximum amount Rita may contribute to the self

-

employed plan in each of the following situations?

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