Harvey is a self-employed accountant with earned income from the business of $120,000 (after the deduction for
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Harvey is a self-employed accountant with earned income from the business of $120,000 (after the deduction for one-half of his self-employment tax). He has a profit sharing plan (e.g., defined contribution Keogh plan). What is the maximum amount Harvey can contribute to his retirement plan in 2015?
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As per the IRS rules for 2015 a selfemployed individual like Harvey can contribute up to ...View the full answer
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Related Book For 
Essentials Of Taxation 2016 Individuals And Business Entities
ISBN: 9781305395305
39th Edition
Authors: William A. Raabe, David M. Maloney, James C. Young, William H. Jr. Hoffman
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