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    Exam 15: Compensation and Retirement Planning
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    In 2017,Amanda Earned $70,000 Self-Employment Income
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In 2017,Amanda Earned $70,000 Self-Employment Income

Question 97

Question 97

Multiple Choice

In 2017,Amanda earned $70,000 self-employment income.She was allowed a $4,945 above-the line deduction for her SE tax.Compute Amanda's maximum contribution to her profit-sharing Keogh plan.


A) $13,011
B) $12,022
C) $65,055
D) $54,000

Correct Answer:

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