Question: Required information Problem 13-86 (LO 13-5) (Static) [The following information applies to the questions displayed below.] Reggie is a self-employed taxpayer who turns 59 years
Required information Problem 13-86 (LO 13-5) (Static) [The following information applies to the questions displayed below.] Reggie is a self-employed taxpayer who turns 59 years old at the end of the year (2022). In 2022, his net Schedule C income was $300,000. This was his only source of income. This year, Reggie is considering setting up a retirement plan. What is the maximum amount he may contribute to the self-employed plan in each of the following situations? Note: Round your intermediate calculations to the nearest whole dollar amount. Problem 13-86 Part a (Static) a. He sets up a SEP IRA
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