Zack, a sole proprietor, has earned income of $85,000 in 2017 (after the deduction for one-half of
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Zack, a sole proprietor, has earned income of $85,000 in 2017 (after the deduction for one-half of self-employment tax). What is the maximum contribution Zack may make to a defined contribution Keogh plan?
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A selfemployed individual may annually contribute the smaller of 54000 in 2017 or 100 of earned inco...View the full answer
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Related Book For
South Western Federal Taxation Individual Income Taxes 2018
ISBN: 9781337385893
41st Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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