Ann Is the Sole Owner of a Computer Store and Established

question 60

Multiple Choice

Ann is the sole owner of a computer store and established a simplified employee pension plan (SEP) for herself and her two full-time employees. Her net self-employment income for the year is $70,000. The maximum amount she can contribute to her SEP is

• A)$9,130
• B)$10,500
• C)$14,000
• D)$17,500
• E)$49,000

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Definitions:

Anterior Iliac Crest

The forward portion of the upper border of the iliac bone, which is often used as a landmark or access site in medical procedures.

Proximal Tibia

The upper section of the tibia bone, located just below the knee joint, that is crucial for knee stability and movement.

Cardiac Catheterization

A medical procedure used to diagnose and treat some heart conditions by inserting a catheter into the heart or its arteries.

Urticaria

A skin condition commonly known as hives, characterized by red, itchy, swollen welts on the skin.