Xavier Is a Self-Employed Plumber

question 111

Multiple Choice

Xavier is a self-employed plumber.His earnings from self-employment,before the Keogh deduction but after deducting half of the self-employment tax,are $80,000.What is his deductible Keogh contribution for 2014?

• A) $16,000.
• B) $20,000.
• C) $52,000.
• D) $64,000.

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Definitions:

Henry Fayol

An alternate spelling for Henri Fayol, renowned for pioneering theories on organizational structure and management.

Equity

The concept of fairness and justice within the context of finance, employment, and law, ensuring equal treatment for all.

Pioneering Contributors

Individuals who have made significant foundational contributions in their field of expertise.

Third World Countries

A term originally used to describe countries not aligned with NATO or the Communist Bloc, now often used to refer to developing or low-income countries.