Multiple Choice
Tessa is a self-employed CPA whose 2016 net earnings from her business (before the H.R.10 plan contribution but after the deduction for one-half of self-employment taxes) is $400,000.What is the maximum contribution that Tessa can make on her behalf to her H.R.10 (Keogh) plan in 2016?
A) $100,000
B) $80,000
C) $66,250
D) $53,000
Correct Answer:
Verified
Correct Answer:
Verified
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