Question: a . She sets up a SEP IRA. Answer is not compl Maximum contributionRita is a self - employed taxpayer who turns 3 9 years

a. She sets up a SEP IRA.
Answer is not compl
Maximum contributionRita is a self-employed taxpayer who turns 39 years old at the end of the year. In the current year, her net Schedule C income was $290,000. 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 selfemployed plan in each of the following situations?
Note: Round your intermediate calculations and final answers to the
a . She sets up a SEP IRA. Answer is not compl

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