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Business, 12.12.2019 05:31 ciya12

Elvira is a self-employed taxpayer who turns 42 years old at the end of the year (2018). in 2019, her net schedule c income was $130,000. this was her only source of income. this year, elvira is considering setting up a retirement plan.

a. what is the maximum amount elvira may contribute to the self-employed plan in each of the following situations? (round your intermediate calculations and final answers to the nearest whole dollar amount.)
b. she sets up an individual 401(k).

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Elvira is a self-employed taxpayer who turns 42 years old at the end of the year (2018). in 2019, he...
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