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

Determine the maximum contribution that can be made to a Keogh plan

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. Required: a. Self-employment income of $63,000. b. Self-employment income of $63,000 and wage income of $35,000. c. Self-employment income of $155,000. d. Self-employment income of $325,000. a. Maximum Keogh plan contribution b. Maximum Keogh plan contribution c. Maximum Keogh plan contribution d. Maximum Keogh plan contribution Amount 13

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