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What is the maximum amount she can contribute

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Problem - Kathy is 48 years of age and self-employed. During 2018 she reported $136,000 of revenues and $54,400 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to a simplified employee pension (SEP) IRA for 2018?

Reference no: EM132675570

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