Frank Is a Self-Employed CPA Whose 2012 Net Earnings from His

question 77

Multiple Choice

Frank is a self-employed CPA whose 2012 net earnings from his trade or business (before the H.R.10 plan contribution but after the deduction for one-half of self-employment taxes) is $240,000.What is the maximum contribution that Frank can make on his behalf to his H.R.10 (Keogh) plan in 2013?

• A)$62,500
• B)$48,000
• C)$51,000
• D)$60,000

---

Definitions:

X-linked Disease

Genetic conditions that are caused by mutations in genes on the X chromosome, often affecting males more severely than females.

XX Chromosome Pattern

The genetic configuration characteristic of female biological sex, consisting of two X chromosomes.

XY Chromosome Pattern

A chromosomal configuration in humans that typically determines male biological sex, consisting of one X chromosome and one Y chromosome.

Chromosomal Pattern

The arrangement and number of chromosomes within the cell of an organism that determines its genetic makeup.