Kathy is 60 years of age and self-employed. during 2019, she reported $100,000 of revenues and $40,000 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 an individual 401(k) for 2019?

a) $11,152.
b) $17,152.
c) $12,000
d) $55,000.

$35,152

Explanation:

Kathy is allowed to contribute the lesser of two amounts:

Kathy is allowed to contribute $29,152 plus an additional $6,000 as a catch-up adjustment since she is over 50 years of age.

Her total contribution = $29,152 + $6,000 = $35,152

no, a company likes to look at potential employees that are professional, well mannered, clean, honest, etc. don't show up looking/acting like a clown. (unless that's your job xd) hope this ! =^-^=

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