What date must the contributions be paid

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Question: Retirement Plans. (Obj. 1) Diana has a consulting practice. She has no employees. For the 2022 tax year, Diana'sgross consulting revenue was $155,000, and her operating expenses, not including retirement plan contributions, were $10,000. Inaddition to her consulting income, Diana also received $5,000 in 2022 for writing a chapter in a book about management consulting. In 2022, Diana established a de?ned contribution (Keogh) plan. The plan stipulates a ?xed percentage of 10% of compensation as the amount of the required annual contribution a. What is the amount of self-employment tax that Diana must pay for 2022? b. What is the required dollar contribution that Diana must make to her Keogh for 2022? c. By what date must the Keogh be established in order for Diana to take a deduction for the contributions on her 2022 tax return? d. By what date must the contributions be paid into the Keogh plan in order for Diana to take a deduction on her 2022 tax return?

Reference no: EM133609173

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