What is the maximum amount debby

Reference no: EM13995065

14.

Debby is a self-employed accountant with a qualified defined benefit plan (a Keogh
plan). She has the following income items for the year:

Earned income from self-employment	$60,000
Dividend income	7,000
Interest income	3,000
Net short-term capital gain	11,000
Adjusted gross income	81,000

What is the maximum amount Debby can deduct as a contribution to her retirement plan in 2015, assuming the self-employment tax rate is 15.3%?

Reference no: EM13995065

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