Question: 12. Frank is a selfemployed CPA whose 2019 net earnings from his trade or business (before the H.R. 10 plan contribution but after the deduction

12. Frank is a selfemployed CPA whose 2019 net earnings from his trade or business (before the H.R. 10 plan contribution but after the deduction for onehalf of selfemploymenttaxes) is $240,000. What is the maximum contribution that Frank can make on his behalf to his H.R. 10 (Keogh) plan in 2019?

48,000

56,000

19,000

60,000

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