Kathy Is 60 Years of Age and Self-Employed

question 93

Multiple Choice

Kathy is 60 years of age and self-employed. During the year she reported $100,000 of revenues and $40,000 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) ?

• A) $28,652
• B) $34,152
• C) $52,000
• D) $57,500

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Initiatives provided by the United States government intended to help other countries in terms of economic development, health care, infrastructure, and education.

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Factors or conditions that hinder the economic growth and development of a country or region, such as poor infrastructure or political instability.

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