Multiple Choice
Ann is the sole owner of a computer store and established a simplified employee pension plan (SEP) for herself and her two full-time employees. Her net self-employment income for the year is $70,000. The maximum amount she can contribute to her SEP is
A) $9,130
B) $10,500
C) $14,000
D) $17,500
E) $49,000
Correct Answer:
Verified
Correct Answer:
Verified
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