Question: Problem 5 - 1 0 Simplified Employee Pensions ( LO 5 . 4 ) During 2 0 2 1 , Jerry is a self -

Problem 5-10
Simplified Employee Pensions (LO 5.4)
During 2021, Jerry is a self-employed therapist, and his net earned income is $160,000 from his practice. Jerry's SEP Plan, a defined contribution plan, states that he will contribute the maximum amount allowable.
Calculate Jerry's contribution.
$
Problem 5 - 1 0 Simplified Employee Pensions ( LO

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