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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