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Drew is a partner with Peyton LLP.Peyton maintains a money purchase Keogh plan for its partners and employees.Drew owns a 30% partnership interest in Peyton.Determine the maximum deductible contribution Drew can make to the plan in each of the following situations:
a.Drew 's net self-employment income is $85,000.
b.Drew's net self-employment income is $270,000.
60 Hertz
A frequency of 60 cycles per second, commonly used as the standard frequency of AC electrical power in several countries, including the United States.
Single-Phase Powerlines
Electrical power supply lines that deliver alternating current with a single waveform, commonly used in homes and small businesses.
Triac Light Dimmer
A type of switch used to control the brightness of a light, by altering the timing of a triac to regulate the amount of power reaching the light.
Telecommunication Cables
Cables used for transmitting information via electrical signals or light pulses over distances.
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