Kathy Is 60 Years of Age and Self-Employed

question 14

Multiple Choice

Kathy is 60 years of age and self-employed. During 2017 she reported $500,000 of revenues and $100,000 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 2017? (Round your final answer to the nearest whole number)

• A) $369,400.
• B) $77,351.
• C) $60,000.
• D) $54,000.

Understand the role of social comparisons and attributions in personal judgment and decision-making.

Identify various anxiety disorders based on symptoms and descriptions.

Understand the difference between specific types of phobias.

Recognize the characteristics and symptoms of obsessive-compulsive disorder (OCD).

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Definitions:

Handicapped Space

Parking spaces reserved for individuals with disabilities, marked by specific signs.

Happy Hours

A marketing term for a period of time in which a public venue, such as a restaurant or bar, offers discounts on alcoholic drinks and sometimes food.

Undesirable Behavior

Actions or responses that are considered inappropriate, harmful, or not in accordance with societal norms or expectations.

Reduced Price

A decrease in the cost of a product or service, often used as a sales strategy or to clear inventory.