12. Rovena is a self-employed CPA whose 2022 net earnings from her business (before the H.R. 10 plan contribution but after the deduction for one-half of self-employment taxes) is $350,000. What is the maximum contribution that Rovena can make on her behalf to her H.R. 10 (Keogh) plan in 2022? A) $58,000 B) $61,000 C) $80,000 D) $100,000

12. Rovena is a self-employed CPA whose 2022 net earnings from her business (before the H.R. 10 plan contribution but after the deduction for one-half of self-employment taxes) is $350,000. What is the maximum contribution that Rovena can make on her behalf to her H.R. 10 (Keogh) plan in 2022? A) $58,000 B) $61,000 C) $80,000 D) $100,000

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses

Section: Chapter Questions

Problem 38P

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