Employee Pensions (LO 5.4)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Problem 5-11
Employee Pensions (LO 5.4)
Tony is a 45-year-old self-employed psychiatrist who has net earned income of $300,000 in 2021.
What is the maximum amount he can contribute to his SEP for the year?
60,000 x
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