$58000 is not the answer.

! Required information Problem 13-80 (LO 13-5) (Algo) (The following information applies to the questions displayed below.] Rita is a self-employed taxpayer who turns 39 years old at the end of the year (2021). In 2021, her net Schedule C income was $288,000. This was her only source of income. This 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? (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Problem 13-80 Part a (Algo) a. She sets up a SEP IRA. Maximum contribution