Question: Caleb, the 1 0 0 percent owner of Caleb's Car Wash ( a sole proprietorship ) , would like to establish a profit - sharing

Caleb, the 100 percent owner of Caleb's Car Wash (a sole proprietorship), would like to establish a profit-sharing plan. Caleb's Car Wash's tax year ends July 31 to coincide with the school year. What is the latest day Caleb can establish and contribute to the plan?

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