Question: Determine the maximum contribution that can be made to a Keogh plan in each of the following cases. In all instances, the individual is self-employed,
Determine the maximum contribution that can be made to a Keogh plan in each of the following cases. In all instances, the individual is self-employed, and the self-employment tax reduction has already been taken.
Self-employment income of $65,000.
Self-employment income of $65,000 and wage income of $39,500.
Self-employment income of $200,000.
Self-employment income of $299,000.
| a | Maxium Keogh Plan Contribution | $. |
| b | Maxium Keogh Plan Contribution | $ |
| c | Maxium Keogh Plan Contribution | $ |
| d | Maxium Keogh Plan Contribution | $ |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
