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In 2013, Amanda Earned $70,000 Self-Employment Income

Question 15

Multiple Choice

In 2013, 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) $51,000

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