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

---

Definitions:

Same-sex Parent Households

Families where children are raised by parents of the same gender, either biological or adoptive.

Slave Owners

Individuals who owned slaves in the past, typically in contexts where slavery was legally recognized and institutionalized.

18th

Refers to the 18th century, a period from 1701 to 1800, which is often associated with the Enlightenment and significant political and social changes.

19th Centuries

The period from 1801 to 1900, marked by significant political, social, and technological changes globally.