Debby Is a Self-Employed Accountant with a Qualified Defined Benefit

question 98

Multiple Choice

Debby is a self-employed accountant with a qualified defined benefit plan (a Keogh plan) .She has the following income items for the year:
What is the maximum amount Debby can deduct as a contribution to her retirement plan in 2012, assuming the self-employment tax rate is 15.3%?

• A)$9,235.
• B)$12,000.
• C)$50,000.
• D)$55,761.
• E)None of the above.

---

Definitions:

Unique Individuals

Distinct persons characterized by their own specific combination of traits, experiences, and identities.

Engineering Students

Individuals actively engaged in learning the principles and applications of engineering, which often involves studying mathematics, science, and technology.

Nonengineering Students

Individuals enrolled in educational programs that do not focus on the study or practice of engineering.

Attitude Predicts Behavior

The theory that an individual's attitudes, feelings, and beliefs about an object or event can influence how they will behave toward it.