Business, 07.12.2020 02:40 Donlito6997

Kathy is 48 years of age and self-employed. During 2019 she reported $100,000 of revenues and $40,000 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to a simplified employee pension (SEP) IRA for 2019? (Round your final answer to the nearest whole number.)

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Kathy is 48 years of age and self-employed. During 2019 she reported $100,000 of revenues and $40,00...

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