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Kathy Is 48 Years of Age and Self-Employed

question 11

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Kathy is 48 years of age and self-employed. During 2018 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 an individual 401(k) ?

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Definitions:

Utilitarianism

A specific, consequence-based, ethical theory that judges as right the action that does the most good and least amount of harm for the greatest number of persons.

Values Clarification

A process by which individuals define their own values.

Nursing Intervention

Actions undertaken by a nurse to improve or maintain a patient's health condition.

Nonmaleficence

A fundamental ethical principle in healthcare that obligates professionals to not cause harm to patients.

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