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.
a. Self-employment income of $46,000.
b. Self-employment income of $46,000 and wage income of $30,000
c. Self-employment income of $125,000.
d. Self-employment income of $280,000.
Please show all the calucations, the books expalme does not make sense to me.
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