Tessa Is a Self-Employed CPA Whose 2017 Net Earnings from Her

question 28

Multiple Choice

Tessa is a self-employed CPA whose 2017 net earnings from her business (before the H.R.10 plan contribution but after the deduction for one-half of self-employment taxes) is $400,000.What is the maximum contribution that Tessa can make on her behalf to her H.R.10 (Keogh) plan in 2017?

• A)$100,000
• B)$80,000
• C)$66,250
• D)$54,000

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Definitions:

Local Environment

The immediate physical surroundings, conditions, and influences affecting the ecosystems or community at a particular location.

Community Psychology

A branch of psychology focused on understanding relationships between individuals and their communities, aiming to enhance quality of life through collaborative research and action.

Preventive

Actions or strategies taken in advance to stop something undesirable from happening, often related to health and safety.

Behavioral

Relates to the actions or reactions of an individual or group in response to external or internal stimuli.