Lynne Is a 15% Partner with Webb Brothers and Has

question 22

Multiple Choice

Lynne is a 15% partner with Webb Brothers and has net self-employment income of $100,000 in 2018. The maximum amount that Lynne can contribute to a Keogh profit sharing plan is

• A)$5,000
• B)$13,045
• C)$15,000
• D)$20,000
• E)$25,000

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